The chairman of KPMG in the UK has resigned after reportedly telling staff they should "stop moaning" about worries over cuts to their benefits during Covid-19.
Bill Michael will step down from the audit giant at the end of the month after claims about details of what he said during a conference call on Monday were revealed.
"I love the firm and I am truly sorry that my words have caused hurt amongst my colleagues and for the impact the events of this week have had on them," the 52-year-old Australian said.
"In light of that, I regard my position as untenable and so I have decided to leave the firm.
"It has been a privilege to have acted as chair of KPMG. I feel hugely proud of all our people and the things they have achieved, particularly during these very challenging times."
The decision to leave the company comes two days after Mr Michael stepped aside while KPMG carried out an investigation into claims about his remarks.
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