MCM CPAs & Advisors Names Next MP

Brad Smith

Brad Smith

Louisville, Ky.-based MCM CPAs & Advisors (FY17 net revenue of $54 million) recently appointed its next MP. Brad Smith, MCM’s current assurance services team leader, will succeed current MP Diane Medley on July 1, 2019. This transition is a part of the Medley’s intended succession plan, aimed at providing a springboard for future leaders and allowing the firm to continue growing and serving clients well into the future.

“This is a testament to the dedication, thoughtfulness and leadership that Brad has shown in his nearly 16 years with the firm, and especially in his stewardship of MCM’s assurance services team,” says Medley. “Under his direction, MCM has a bright future ahead of it.”

Over the course of the next year, Medley and Smith will work together to gradually transition the role across all seven of the firm’s offices in Kentucky, Indiana and Ohio. Following the transition, Medley will remain with MCM full-time in the role of chair, where she will continue to work with select clients and serve in a strategic firm leadership position.

Smith has been with MCM since 2002. His primary focus with clients is middle market growth-oriented companies in the manufacturing, distribution, services and construction industry niches.

“I look forward to working with Diane and our partners as we continue to execute on MCM’s strategic plan,” says Smith. “I want to ensure we’re always building on the strong foundation provided by our firm’s founders.”

Deloitte Board Fails to Re-Nominate CEO Engelbert

Catherine Engelbert

Catherine Engelbert

New York-based Deloitte (FY17 net revenue of $18.6 billion) has told its partners that the first woman to run a Big 4 firm in the U.S., Cathy Engelbert, has not been renominated for a second four-year term, the Wall Street Journal reported June 28.

The Journal reported that the announcement “stunned” Deloitte partners and that it came as a “complete shock.” The newspaper reported, “The rationale wasn’t made clear, and dozens of partners, unhappy the firm didn’t provide an explanation, sent a letter to Deloitte’s board demanding more information and transparency on the matter.”

Deloitte did not comment, saying it will provide an update when the firm has its formal leadership election in early 2019. Engelbert also did not provide the Journal with a comment.

Engelbert, who has been with the company since 1986, was named CEO in 2015. She ran the audit practice prior to becoming CEO.

The Journal, citing anonymous sources, reported that some are concerned that the move signifies a shift in focus toward consulting and away from auditing. One person “familiar with Deloitte’s CEO election process,” told the Journal that the situation “certainly isn’t just normal succession.”

Engelbert possibly could be renominated for a second term at a later phase of Deloitte’s CEO-election process. A candidate recommended by the board must be approved by two-thirds of Deloitte’s voting partners and principals. Her current term ends next spring.

Since Deloitte named Engelbert CEO, KPMG named Lynne Doughtie as chairwoman and CEO in 2015. At Ernst & Young, Kelly Grier became chairwoman and managing partner July 1.

Enriquez Elected Managing Shareholder of Briggs & Veselka

Sheila Enriquez

Sheila Enriquez

Sheila Enriquez was elected managing shareholder of Houston-based Briggs & Veselka Co. (FY16 net revenue of $35.4 million). She will assume the role from John Flatowicz, effective July 1. Flatowicz will continue his roles as an audit shareholder and member of the Executive Committee.

“Sheila’s vision and drive are ideal for the firm–and an industry–in transition as future growth and relevance will be driven by the rapid adoption of new technologies and the expansion of consulting services,” says Flatowicz. “But more importantly, Sheila’s passion for developing people and promulgating the firm’s values is what makes her ideally suited for leading the firm to the next level.”

“I am honored to assume this role from John, who has been so vital in driving firm growth and client satisfaction during his tenure as managing shareholder,” says Enriquez. “My goal is to grow to a top 50 CPA firm so we can provide more value to our clients and opportunities to our people, by strengthening our core services of tax and audit, expanding our related advisory services, and staying on top of innovation and technological developments in our profession.”

Enriquez has been with the firm since 2007 and has been a shareholder since 2010. In addition to her responsibilities as an audit shareholder, she leads the firm’s forensic, valuation and litigation support services, and its consulting practices. Enriquez was named one of Women Who Mean Business by the Houston Business Journal in 2017.

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.

KerberRose Names New MP

Michael Ruby

Michael Ruby

Shawano, Wis.-based KerberRose (FY16 net revenue of $10.3 million) announced that Michael Ruby has been named MP, effective June 1.

With 28 years of experience within KerberRose and the accounting industry, Ruby was selected by the firm’s shareholders to lead the growth and expansion throughout Northeast and North Central Wisconsin. He currently manages 23 accountants and team members in the Green Bay, Wis., office.

“We are pleased with the decision to officially announce the management change within the firm. Although I will be retiring from managing partner duties at the firm, I will still remain active on an accounting level. I look forward to seeing where Michael will take the firm in the coming years,” says David Kerber.

David Kerber, founder of KerberRose has been managing and operating KerberRose since the firm’s inception in 1979. Over the past 30 years, the firm has expanded its geographic reach, increased the number of clients served, as well as adding a significant staff to meet the needs of clients.

Robbins Appointed as CEO of Kreston International

Liza Robbins

Liza Robbins

Liza Robbins has been appointed to succeed Jon Lisby as Kreston’s CEO, effective Aug. 1.

Robbins joins Kreston after nine years as CEO of top 10 global association Morison KSi. As a marketing and business development leader and visionary, she has been instrumental in the development of the association, expanding its coverage to over 80 countries and leading on the successful merger of Morison International and KS International.

“I am delighted that we have succeeded in securing Liza and considerable thanks are owed by the network to the Kreston International Chairman and Board for the thorough and extensive recruitment exercise that has been completed so successfully,” says Lisby. “Liza has a proven international track record as a change agent and has extensive experience in the fields of information technology, media as well as professional and membership services. With the technology revolution already disrupting the global accounting profession, I have no doubt that Liza will be an exceptional asset to our network and the further development of our growth strategy.”

“I have followed and admired Kreston International for many years so I am absolutely thrilled to be joining the network as CEO on August 1,” says Robbins. “Kreston is a world class organization that thrives by skillfully and uniquely combining deep personal relationships with superior global expertise. Kreston is extremely well placed to deliver lucrative opportunities to member firms and their clients and I am excited to drive the network to its next stage of development and further strengthen our partnerships.”

Contryman Associates Named Charron as President

Dan Charron

Dan Charron

Hastings, Neb.-based Contryman Associates PC has named Dan Charron as president, effective May 1. Charron has been the tax department shareholder lead for two years and will effectively take over the day-to-day operations of the CPA firm.

Charron has been with Contryman Associates since 1997 and a shareholder since 1999. He is also a wealth care professional for Wealth Advisors Network Inc. which is owned by Contryman Associates.

Charron is taking over for Jeff Anderson has been the President and CEO of Contryman Associates since 1999. Anderson will focus his time and attention on the growth of Wealth Management business while retaining the CEO title in Contryman Associates. He will help facilitate Charrons’s transition over the next year or two.

Schellman Elects Desai as New President

Avani Desai

Avani Desai

Tampa, Fla.-based Schellman & Company LLC has elected Avani Desai as President of the firm.

As President of Schellman, Desai, who is 37 years of age, is one of the youngest leaders of a major accounting firm, and one of the few female leaders.

“I am honored to have the opportunity to lead one of the most innovative companies in our space,” says Desai. “I look forward to partnering with our talented team in our pursuit of providing the highest quality professional services to our clients.”

Since joining Schellman in 2012, Desai has held key leadership roles, serving most recently as Executive Vice President and Chief Marketing Officer.

Desai will succeed Chris Schellman, who co-founded the company in 2002 and has served as its President since 2009. Schellman had planned to serve as President until the company became one of the largest accounting firms in the U.S.

“Avani is the most dynamic professional that I have ever worked with,” says Schellman. “Her charisma inspires our team and her knowledge garners the trust of everyone she encounters. She is, by far, the best person to shape the future of this company.”

In her new role, Desai will be tasked with further expanding Schellman’s market leadership in compliance and attestation services. Her previous experience leading distributed teams in business development, sales and client service delivery, as well as providing general oversight of operations, including marketing initiatives and service line expansion, position her to be a highly effective leader.

Desai’s promotion was effective on May 2, the 16th anniversary of the founding of the company. Chris Schellman will continue to serve as CEO and will also assume COO responsibilities.

Postlethwaite & Netterville Names Gardiner CEO

Dan Gardiner

Dan Gardiner

Baton Rouge, La.-based Postlethwaite & Netterville (FY17 net revenue of $58.3 million) named Dan Gardiner CEO and managing director, effective May 1.

Bill Balhoff has been our CEO for the past decade, during which time our firm has experienced tremendous growth. I’m very honored to serve as the fifth managing director of one of the top 100 accounting and consulting firms in the country, and am looking forward to building upon the strong foundation of quality client services that P&N offers,” says Gardiner.

Balhoff, who joined P&N in 1976, will remain in a leadership position within the firm.

Barnes Dennig Names New Managing Director

Jay Rammes

Jay Rammes

Cincinnati-based Barnes Dennig & Co. (FY16 net revenue of $19.1 million) named Jay Rammes as managing director, effective Sept. 1.

Rammes succeeds his mentor and co-worker of 24 years, Steve Hube, who will continue as a director with the firm serving clients through June 30, 2019.

“In this business you need to be both knowledgeable and committed to care about your clients, and Steve has created an incredible legacy doing just that,” says Rammes.

Rammes has five years of service on the firm’s executive committee and more than 10 years of leadership of the firm’s human resource committee.

“Jay understands how forward-thinking CPA firms need to embrace a culture of innovation to challenge the status quo daily,” says Hube.