Name: Jim Proppe
Firm: Southfield, Mich.-based Plante Moran (FY16 net revenue of $480.7 million)
Title: Managing Partner-elect
- Beginning July 1, will serve as the seventh MP in the firm’s 93-year history.
- Served 13 years as Plante Moran Group MP, coordinating client service, growth, people development and risk management.
- Assisted with the development and launch of several firm services, including Plante Moran Group Benefit Advisors, Enterprise Risk Management, Tax Solutions Group and ERP implementation services.
- Helped launch firm offices in Shanghai, China, Monterrey, Mexico, and Mumbai, India.
- Led the design of Plante Moran’s partner performance management process.
Your term starts July 1 – what work are you doing now to transition into the role?
After being elected as managing partner, my focus was on selecting our next management team. I wanted to surround myself with people who have a skill set that is complementary to mine and will bring strong diversity of thought. The six partners selected will begin their appointments July 1 when my term begins. A big part of preparing for my role is to help the new management team transition into theirs: preparing them to take on new responsibilities and transitioning their previous roles to their successors. This transition has created a lot of great opportunities for people across the firm – it’s a really exciting time.
You’ve said that you plan to place a strong focus on anticipating client needs – how can Plante Moran solve clients’ problems before they even know they have them?
We have deep knowledge in a variety of industries and services. Our staff can leverage that knowledge by collaborating and identifying disruptors in one industry that will eventually impact others. For example, the driverless car will impact more than the automotive industry. It will also impact retail auto dealers (what is the impact on vehicle sales?), design and construction of real estate (how much parking will you need?), insurance companies (will they have fewer claims?), local government (what changes in infrastructure will be required?) and the list goes on. Many times business owners aren’t aware of disruptors in other industries that could significantly impact their business. We help our clients stay in front of these issues.
What kinds of opportunities are available to the firm through technology?
Advancement in technology – things like machine learning and data analytics – will significantly change our profession and create new opportunities to serve clients. We’re already working with clients to find better ways to analyze and use their data to develop strategies around creating new products, services and/or business models. Plante Moran is built for change, and we feel we’re well positioned to lead in this area.
Which practice areas at Plante Moran are ripe for growth?
While I think the changing economy creates opportunities for growth in all the industries we serve, as the world becomes more technology-dependent, we’re seeing a lot of growth in our technology consulting practice, particularly in cybersecurity. Plante Moran Wealth Management also continues to experience significant growth as we have uniquely integrated investment advisory, trust, life insurance, estate planning, tax and family office services. Also, with a new administration, there could be significant changes in tax reform, regulations and how organizations do business internationally. We’re prepared to help clients navigate those changes and adjust their business strategies accordingly.
Gordon Krater called you a “natural leader,” do you agree? Which aspects of leadership don’t come so naturally to you?
I’ve had the good fortune to spend my entire career at Plante Moran. From training opportunities to formal mentoring initiatives to a robust career development program, the firm’s first priority has always been developing staff to become incredible client servers – and it’s hard not to develop some pretty strong leadership skills along the way. For me, I am a compulsive helper and one of the most challenging parts of leadership is realizing you can’t do it all by yourself – especially at a firm with the breadth and depth of Plante Moran. Fortunately, there’s always a pool of qualified partners and staff ready to lead.
As Plante Moran’s seventh managing partner, I look forward to guiding the firm’s client service, growth, people development, risk management and strategic direction – all with the goal of being a good steward and working to leave the firm better than I found it, just as Gordon did.
Do you know someone else who would make a good Spotlight? Contact Christina Camara.