Malone Named MP of Hood & Strong

Susan Malone

Susan Malone

San Francisco-based Hood & Strong LLP (FY17 net revenue of $16.7 million) has announced that Susan Malone has been elected managing partner, effective June 1. She succeeds Robert Raffo, who has served in the role for more than 10 years. Malone will be the eighth managing partner in the firm’s 101-year history, and the first woman to hold the position.

“As the firm enters its second century, this transition demonstrates the partners’ commitment to the ongoing success and vitality of Hood & Strong,” says Raffo. “Susan has a clear vision for the future of the firm, and has played an integral role in shaping the culture of Hood & Strong. This appointment marks the beginning of an exciting new chapter for the firm, and a continued statement to Hood & Strong’s clients and staff of its commitment to gender equity and leadership nationally in promoting women into senior ranks.”

Malone has been with Hood & Strong for more than 25 years and works with a broad array of clients across many industries, including higher education, arts and culture, manufacturing and philanthropy.

On average, partnership in accounting firms is overwhelmingly male. According to the 2017 IPA National Benchmarking Report, females make up 18.9% of partners on average. With women comprising nearly half of its partners and directors, and 60% of its employees, Hood & Strong has one of the narrowest gender gaps in the industry. The firm’s business philosophy emphasizes its commitment to diversity, including a workplace culture that enables women to advance their careers in accounting by providing options for flexible schedules and telecommuting.

“I am honored to become managing partner,” says Malone. “I am committed to building on the firm’s 100-year legacy by continuing our commitment to excellent client service, giving back to our communities, and supporting and developing the next generation of firm leaders.”

As part of the firm’s succession plan, Raffo, who has been with the firm more than 40 years, will return to a partner role, while continuing to serve on the board.