BNN Elects MP, Hires New COO, Adds CFO

Dayton Benway

Portland, Maine-based Baker Newman Noyes (FY17 net revenue of $44.4 million), a 2018 IPA 100 firm, announced that Dayton Benway was chosen to succeed Carl Chatto as managing principal, effective Jan. 1, 2019.

The firm also formally announced the hiring of Anna Fincke as COO and Darren Hurlburt as the firm’s first CFO.

“In my term as managing principal with Baker Newman Noyes, I was able to oversee the integration of three mergers and a period of growth and expansion. Simultaneously, we have developed a depth of leadership that is ready to take up the mantle,” says Chatto. “The future is now, and we have equipped the firm with the leadership to take on the opportunities of the future in this ever-changing landscape. I am looking forward to returning to client service in a full-time capacity to work with clients and mentor staff.”

Anna Fincke

Benway was unanimously selected by the firm’s ownership. Benway is head of the firm’s health care practice and has been with the firm since 2000. As non-traditional CPA firm services become more important to growth, Benway’s ability to develop a team, create a culture of business development and accountability, and his leadership style are qualities the management committee sees as essential to the position.

In addition, the increased size and complexity of the firm brought about the need to add an experienced CFO to help guide the firm through the next phase of its natural evolution. Hurlburt will oversee the firm’s financial strategy and operations, with particular focus on financial reporting and analysis, forecasting and budgeting, regulatory compliance, financing agreements and process improvement. Hurlburt rejoins Baker Newman Noyes after an 18-year career in the financial services industry, having served as the controller, CFO and CEO for a Maine-based financial services company.

Fincke, the new COO, will provide leadership to the firm’s operations team, working closely with the principal group to develop and carry out the firm’s strategic priorities. Fincke specializes in strategy and operations, with experience working in industries from construction to food service. Fincke was previously a partner at a consulting and advisory firm, which specializes in the nonprofit sector. She has also served as vice president at a large Portland-based nonprofit.