For the second time in about a month, the managing partner of a major Baltimore accounting firm has been promoted to the top position in his company's Philadelphia office.
D. Keith Cobb will be leaving KPMG Peat Marwick's 250-person Baltimore operation sometime in midsummer, he said yesterday.
"I will be assuming the responsibilities of managing partner of the Philadelphia office," said Mr. Cobb, who also has overall responsibility for Baltimore and Washington and three offices in Virginia. Mr. Cobb, 50, assumed those duties six months ago and is on his firm's 21-member management committee.
Peat's Philadelphia operation is roughly twice as large as the one in Baltimore, Mr. Cobb said. He's been with the firm for 28 years and worked at 111 S. Calvert St. for two years. His successor will be named in about a month.
Peat has 700 offices worldwide, 77,000 employees and took in $5.4 billion in revenue in 1990. The firm dismissed about 300 of its 1,875 partners earlier this year in a move to reduce costs and increase the salaries of remaining partners.
Last month, Ernst & Young announced that its Baltimore managing partner, Ronald J. Kozich, was taking on a similar role in Philadelphia. Mr. Kozich was replaced by Robert G. Neubert, who was previously director of international services for Ernst & Young in New York.
Ernst & Young has a 300-person office in Baltimore.