KPMG has appointed Dr Marc van Grondelle as Head of its Joint Venture practice in the UK and Europe. The Joint Venture practice provides practical, hands-on support to companies on all aspects of JVs, from their design and conception through to implementation, operation and completion.

Marc is a specialist expert in JV governance, operation and turnaround, having worked for nearly 20 years on oil & gas and manufacturing joint ventures in Africa, Australia, India, Europe and the Former Soviet Union.

Marc van Grondelle said: “In my experience, more than 80 percent of joint ventures fail to deliver the value for which they were created. That is not always announced to market, but a very real dynamic nonetheless. There is no doubt that pulling off a successful JV is one of the hardest things to do in business. A number of factors combine – working with a third party, often in a remote and difficult location, dealing with unfamiliar local regulations and red tape, the uncertain nature of how the project will progress – to make JVs a real challenge."