Former KPMG Chairman Dies, Age 84

Walter Edward Hanson, former Chairman of New York-based KPMG, passed away after a long illness at his home in Newport Beach, Calif. Hanson was 84.

During a career at KPMG that spanned more than 23 years, Hanson was widely regarded and admired for his business insight and determination by both his colleagues and clients. He became the first Chairman of Peat Marwick International in 1978.

Hanson joined KPMG in 1957 as a PIC of its transportation practice, later as PIC of the New York office, and was elected Chairman of the U.S. firm at the age of 39, serving in that role from 1965 until his retirement in 1980.

He was born on Oct. 17, 1925, in Adelphia, N.J. After serving with the U.S. Naval Air Corps, he graduated from Lafayette College in 1949. He became a CPA and joined the Minneapolis & St. Louis Railway Co., where he rose to the position of Vice President and Comptroller.