Stende To Lead IPA 100, Eide Bailly On May 1

In November 2012, the partners of Fargo-N.D. Eide Bailly (FY12 net revenue of $157.7 million) elected Dave Stende to MP/CEO, succeeding Jerry Topp. Topp is retiring, but plans to remain with the firm for a few years to work on M&A activities and special projects.

When Topp accepted the MP/CEO role in 2003, the firm had $54 million in net fees, nine offices, 75 partners and 577 staff members. Today, the Top 25 firm has grown to $158 million, 21 offices, 165 partners and 1,016 staff members. “The past 10 years have been an exciting ride,” Topp says. “Eide Bailly is a firm of the future and Dave has the knowledge and experience to make this a seamless transition. He has served as the firm’s COO for the past seven years and, during this time, we have worked as a team to build our firm and achieve our growth strategies.

Stende says he feels well prepared to take on the role. “I am ready and excited to take on the challenge of growing the firm, while maintaining our culture – which is the core of who we are,” Stende says. “Eide Bailly has experienced positive growth, even during the recent recession. To experience similar success in the future, we must continue to grow our footprint and enhance our service offerings in order to add value to our clients and to provide more opportunities for our people.”

Stende has 31 years’ experience in public accounting, providing client services in the areas of auditing and consulting for a variety of industries. He was appointed Chief Operating Officer in 2006, following one year as PIC of the firm’s Fargo, N.D., office.

Topp has been in public accounting since 1978. He has held many leadership roles in his 35 years with the firm, serving as PIC of the Fargo, N.D., office from 1997 to 2000 and COO from 2000 to 2003, before being appointed MP/CEO in 2003. nIPA