Dalby Wendland & Co. Names Chris West as CEO

Christopher L. West

Grand Junction, Colo.-based Dalby Wendland & Co. (FY18 net revenue of $13 million) announces the election of Christopher L. West as the firm’s CEO, effective July 1.

“We are positioning Dalby Wendland for a dynamic future,” says firm president Greg Keller. “Chris has shown strong leadership, insight and is committed to our people, clients and communities. He is the right person to lead this organization and successfully implement our firm’s vision.

As CEO, West will focus on firm leadership and vision direction, including operations, people, client service, technology and overall growth strategies. He is a Colorado native and started with Dalby Wendland in 1996. He became a tax principal in 2009.

Dalby Wendland & Co. has six offices in Colorado: Aspen, Glenwood Springs, Grand Junction, Montrose, Rifle and Telluride.

Murray Elected Managing Shareholder at Weinstein Spira

Kristin Murray

Kristin Murray

Weinstein Spira of Houston announced that Kristin Murray has been elected the firm’s managing shareholder.

Murray succeeds Dianne Peckham, the firm’s first female managing shareholder who served for nine years. Peckham will continue serving her clients and acting as a resource until her retirement on June 30.

“I am delighted to lead Weinstein Spira into its next stage of growth, guiding the firm through the evolution of the accounting environment of the future. We know changes are coming and I am confident that our forward-looking approach will allow us continued success,” says Murray.

Murray brings a deep knowledge and solid experience in tax, change leadership and firm administration that will be integral in executing initiatives critical to meeting the firm’s strategic goals.

“I have worked closely with Kristin for the past 10 years, and I know she will be a great leader for Weinstein Spira,” says Peckham. “Her contributions and commitment to the firm have been immeasurable. I look forward to seeing where she takes Weinstein Spira in the years to come.”

After starting her career with an international public accounting firm, Murray joined Johnson Baur & Carrillo as a partner in 1998.  She later became a shareholder at Weinstein Spira when the two firms merged in 2008.

With more than 25 years of hands-on experience directing, delivering and supporting progressive firm processes and initiatives, Murray has been a critical driver behind Weinstein Spira’s push for increased efficiencies, valuable client service offerings and a welcoming culture. As managing shareholder, she will oversee firm operations, spearhead further innovation and foster the environment for an exceptional culture.

PKF International Welcomes New CEO

James Hickey

PKF International has announced that James Hickey will be the new CEO. Hickey will be replacing John Sim, who has led the association for 6 years.

Hickey is an inspirational leader with a wealth of expertise in achieving high growth within mid-tier accounting and law firms around the world. Hickey served as CEO of the Alliott Group since November 2012.

When asked about his understanding of the changing dynamics in the accounting world, Hickey says, “Those firms that think like accountants and lawyers when they strategize for their tomorrow will simply not have a tomorrow. Whether it be AI, mergers, changes in regulations or any of the other market disrupters, professional service firms need to be open minded to new delivery models to maintain a relevance within their respective markets.” He continued, “At the core of PKFI’s tomorrow has to be the right digital strategy. But this must represent an extension of who we are. If we adapt with integrity always preserving our belief that ours is a network of trusted business advisors and build strategic digital value into this offering – then the potential for expansion and deeper relationships will be phenomenal.”

Dayton Benway Takes Reins as Managing Principal of Baker Newman Noyes

Dayton Benway

Dayton Benway

Portland, Maine-based Baker Newman Noyes (FY17 net revenue of $44.4 million) announces that Dayton Benway is now leading the firm as managing principal.

In this role, Benway sets the strategy and direction of the firm. “We are almost 25 years old, and I am extremely proud of our strong history,” Benway says. “Our profession and the business world in general are changing rapidly, and to meet the demands of tomorrow we must adapt.”

In addition to leading the firm, Benway will continue to serve as director of the firm’s growing health care advisory group. He has more than 21 years of experience advising hospitals, rural clinics, physicians’ groups, home offices, nursing homes and home health agencies on health care financial management matters. Benway joined the firm in 2000 as a staff member in the group, and has led efforts to grow the practice.

“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 transparent leadership style are qualities the firm’s management committee sees as essential to the position,” the firm announced.

Benway was selected to succeed Carl Chatto at the end of 2018. Chatto served as managing principal following the retirement of firm co-founder Eleanor Baker in 2016 and will continue to serve clients as a principal in the audit practice.

“I plan to work with the entire firm to grow our service offerings and our geographic markets while offering our employees the opportunity to grow personally and professionally,” Benway says. “We will achieve our goals by providing excellent client service using a collaborative team approach, investing in the communities we serve, and communicating in an open and honest manner across all of our channels.”

Baker Newman Noyes is ranked No. 92 on the list of 2018 IPA 100 firms.

David Stonesifer To Become MP of Herbein

David W. Stonesifer

David W. Stonesifer

Reading, Pa.-based Herbein + Company has announced that David W. Stonesifer will succeed Michael J. Rowley as the firm’s MP effective Oct. 1, 2019.

Rowley states, “Since 1973, Herbein + Company, Inc. has been a firm focused on our clients and our future. Our founder, Carl D. Herbein, was incredibly driven by the idea of a sustainable firm built on growth and creating opportunities. Having grown from a kitchen table operation to one of the mid-Atlantic region’s largest independent CPA firms, Carl’s vision has been achieved.” Rowley will remain with the firm as PIC of the management advisory services group.

“As we work with clients, we stress the importance of a strong succession plan. We began this managing partner process several years ago with the start of my current term, as a planned part of our firm’s overall strategic plan,” Rowley says. “As Herbein has evolved, younger generations have risen to play key roles within our firm.”

Stonesifer is the first of three Herbein interns who went on to become partners. He has served on several professional organizations, including president of the Reading chapter of the Pennsylvania Institute of CPAs.

“As I prepare to become managing partner, I am appreciative of all that I’ve learned from our prior managing partners, Mike Rowley and Carl Herbein. I am appreciative of the responsibilities I will be inheriting, including our clients’ success, our team’s growth and their family’s security and prosperity, and our continuing support of the communities in which we serve.”

Deloitte US Elects Ucuzoglu CEO, Foutty Chair

Joseph Ucuzoglu

Joseph Ucuzoglu

Joseph Ucuzoglu has been elected CEO and Janet Foutty has been elected chair of the board of New York-based Deloitte (FY17 net revenue of $18.6 billion), the largest accounting firm in the country. Both terms begin June 2.

Ucuzoglu and Foutty will succeed current Deloitte US CEO Cathy Engelbert and chairman Mike Fucci at the conclusion of their four-year terms. In July, the firm told its partners that Engelbert, the first woman to run a Big 4 firm in the U.S., would not be renominated for a second four-year term. In December, Ucuzoglu and Foutty were named the official candidates, subject to a vote this year.

“Joe’s distinguished record of serving our clients and driving transformative, technology-driven change positions him to lead our firm as clients, the capital markets, and society at large turn to Deloitte to navigate the opportunities brought on by the fourth industrial revolution” says Fucci in a statement. “Janet’s extensive leadership experience across multiple dimensions of our businesses, combined with her deep understanding of technology and innovation, the workforce of the future, and her commitment to inclusion have earned her a broad followership internally and externally.”

He added, “I would like to offer my gratitude to Cathy, a recognized leader in the business community who has led Deloitte US during her term to record growth while making significant investments in innovation and supporting our people’s professional lives and career journeys with a series of groundbreaking initiatives.”

Ucuzoglu currently serves as the chair and CEO of Deloitte & Touche LLP, where he has overseen all aspects of the transformation of the audit and assurance practice over the past four years. Ucuzoglu serves several of Deloitte’s largest clients and serves on Deloitte Global’s board of directors.

More news from Deloitte

IPA Vendor Spotlight On . . . Steve Templeton

Name: Steve Templeton

Companies: Templeton Solutions LLC and Templeton & Company, LLP

Title: Founder and CEO


Steve Templeton

Steve Templeton

  • Created industry’s first unitized practice management system to enable firms to manage their business from a single data source.
  • Templeton Solutions named a Top 100 VAR (Value-Added Reseller) for the past two years.
  • Named a “Power Leader” by the South Florida Business Journal for the past six years.
  • Templeton & Company named a Top 300 Accounting Firm by INSIDE Public Accounting for the past four years.

How has the accounting industry changed with the rapid rise in M&A activity?

So much has changed in the industry since I started my career over 40 years ago. The opportunity for firms to expand their client base, lure better talent and grow profits has never been bigger. Whether you are looking to acquire, looking to be acquired or thinking about a succession plan, M&A is on every firm’s strategy roadmap, regardless of size.

You know what hasn’t changed? The technologies most firms are using to manage their practice. Many of the well-known legacy systems are outdated, stale and incompatible with each other. As more companies look to consolidate, the challenge of integrating disparate solutions becomes glaring, driving up costs and creating inefficiencies. CPA firms are longing for the agility and ease of a practice management system that is already unitized, and that doesn’t require all the complex, error-prone integrations. The rapid rise in M&A activity as well as the need to efficiently manage their practice is causing firms to rethink their growth strategies and educate themselves on the new generation of practice management technologies coming to market.

What’s the biggest opportunity for CPA firms that PracticePro 365 can help with?

Two of the biggest challenges facing accounting firms are lack of visibility across their business operations and lack of timely insights. The most common complaint we hear from managing partners and founders operating in this new business landscape is, “I feel like I’m operating in the dark.”

PracticePro 365 consolidates their data, giving them a holistic view of their business – a single source of truth they can leverage to identify changes in revenue and productivity and make smart business decisions, at any given moment. The result is the ability to manage a fully unified firm, ultimately serving their clients better and unleashing more profit.

What need were you trying to fill in the accounting industry with PracticePro 365?

First, PracticePro 365 was developed for our firm.  As we developed functionality on the Microsoft Dynamics platform, it became clear that a client-centric system was the best way to gain incredible insights and efficiencies while enabling a holistic view of client service and relationships. Those instincts were spot on. While other large vendors boast of “integration-ready” practice management systems, our system is unitized on a common platform, so no integration is required. Delivered from the cloud, it is subscription-based, so there is no need to pay for or manage servers or a separate hosting provider. This is unprecedented in the market today.

Thoughts on the future?

We will all continue to face business headwinds, which is why we built PracticePro 365 in the cloud from day one. Scalability, flexibility and uncommon insights are, and continue to be, a priority for us. Our clients need to be able to adapt quickly, to not only survive the constant changing landscape we do business in, but to thrive in it.

To learn more about PracticePro 365, visit www.practicepro365.com.

Fuller Landau Appoints Michael Stoyan as MP

Mike Stoyan

Mike Stoyan

Toronto, Ontario-based Fuller Landau announces the appointment of Michael Stoyan as MP.

“The role of was created in response to the tremendous growth Fuller Landau has enjoyed over the past several years. Michael will be responsible for expanding the firm’s service offerings and, more broadly, leading the firm’s future growth plans and vision,” the firm announced.

Stoyan brings more than 30 years of experience to the role. He is a partner serving private businesses in the audit and accounting group. He leads the firm’s real estate and construction team.

Russell Bauknight Named Managing Shareholder of Bauknight Pietras & Stormer

Russell Bauknight

Bauknight Pietras & Stormer (FY17 net revenue of 9.8 million) of Columbia, S.C., announces that Russell Bauknight has been elected to serve as the firm’s managing shareholder. He succeeds Ken Bauknight, who has served as BPS’ managing shareholder since the firm was established in 1991.

During Ken Bauknight’s nearly three decades of service as managing shareholder, BPS has grown to nearly 50 CPAs and a total team of 70. He will continue in his role as a BPS shareholder and client tax advisor. He began his career as an Internal Revenue Service agent in Houston before becoming a senior tax manager with Big Eight global accounting firms Ernst & Whinney and PriceWaterhouse.

Russell Bauknight is also one of BPS’ founders and has focused his 28 years with the firm on building the firm’s clientele. Prior to establishing BPS, he was a senior tax manager with Ernst & Young and its predecessor firms, Arthur Young and Clarkson Harden & Gantt. Among his most recognizable clients is the estate of James Brown, the “Godfather of Soul.” He is credited with rebuilding the depleted estate through effective management of Brown’s music library so that it continues to benefit the legendary artist’s charitable and personal interests.

Russell Bauknight also serves as a board member of PrimeGlobal’s world board of directors as well as its North American board. “I’m really excited to serve as managing shareholder and look forward to strengthening BPS’ position as a preferred business partner and trusted advisor; providing our clients with the highest level of tax, assurance and consulting services; and giving our team a great place to grow professionally as well as personally.”

Higgins Joins CBIZ as Managing Director

Kevin Higgins

Kevin Higgins has joined Cleveland-based CBIZ (FY17 net revenue of $718 million) as a managing director and works out of both the Providence, R.I., and Boston offices.

He most recently served as an assurance partner at EY. “Attracting high-caliber talent such as Kevin has a significant positive impact on our clients and our practice,” says Scott Wragg, senior managing director of the New England offices. “His addition expands our depth of resources and expertise, and showcases our commitment to delivering high-quality professional services to our clients.”

Higgins has more than 25 years of experience working with privately held businesses and publicly traded companies focused primarily in the professional services, life science, real estate, manufacturing and technology industries. He has extensive experience with various complex accounting issues, including revenue recognition, fair value intangibles and impairment, consolidation considerations, business combinations and stock-based compensation.