Chipman to Retire Early from Grant Thornton

Stephen Chipman

Stephen Chipman

Chicago-based Grant Thornton (FY14 net revenue of $1.4 billion) has announced that Stephen Chipman, senior vice chairman, has elected to retire early from the firm, effective Oct. 31.

“I’m privileged to have worked with exceptional professionals around the globe. The people of Grant Thornton will always hold a special place in my heart. While this was not an easy decision by any means, I’m excited to be starting a new phase of my professional journey.”

“Stephen has demonstrated incredible stewardship, leadership and friendship during his tenure,” said J. Michael McGuire, Grant Thornton’s chief executive officer. “He has taken our firm to new heights during some of the most challenging times in the history of our profession and economy.”

Chipman will act as a consultant to the firm and has agreed to continue to represent the firm on the boards of key Chicago organizations, including Ravinia, World Business Chicago and The Chicago Council on Global Affairs. He will also remain an active member of the Economic Club of Chicago.

During his 34 years with the Grant Thornton organization, Chipman has held numerous leadership positions throughout Europe, North America and Asia. Prior to becoming U.S. CEO in 2010, he served three years as CEO of Grant Thornton China Management Corporation, creating a single national Chinese firm with more than 2,500 people in 17 offices. In the U.S., Chipman previously served as the Dallas OMP, Central region MP, national MP of global services and was the inaugural worldwide director of the Grant Thornton International Business Centers.

As the U.S. firm’s CEO, Chipman returned the firm to a trajectory of growth, leading to double-digit revenue increases through organic expansion and strategic acquisitions, extending the firm’s breadth and depth of services. He embraced initiatives to better serve Grant Thornton’s clients through the establishment of a shared services center in India and the launch of the China, India and Japan business groups. Chipman played a prominent role in the development of a global strategy and brand for the Grant Thornton worldwide organization.