First Latina Partner Admitted at Gumbiner Savett

Karla Chavez Luna

Gumbiner Savett of Santa Monica, Calif., (FY17 net revenue of $20 million) announced the admission of Karla Chavez Luna to the shareholder group.

“Karla is an excellent practitioner who has proven her skill and commitment to her clients over her tenure at the firm. She is a valuable addition to our shareholder group, especially in the Tax Department,” says Rick Parent, managing director.

Luna began her career with Gumbiner Savett immediately after graduating from UCLA, joining as a staff accountant and earning promotions and leadership roles. Luna is the first Latina to become a shareholder at the firm. She specializes in tax planning and compliance for high-net-worth individuals and their multi-generational families, with a special emphasis in estate and trust planning. She also serves business clients in the manufacturing, real estate, gaming and retail industries.

She most recently held the distinction as a CalCPA Women to Watch and was a 2018 LABJ Influential Women in Accounting.

“She is a recognized leader in the department and an excellent mentor and role model to younger staff,” says David Thaw, tax department leader. “I look forward to working with Karla within the tax department as it continues to grow.”

Grant Thornton Names OMP in Boston

Kim O’Connor

Chicago-based Grant Thornton (FY17 net revenue of $1.75 billion) has named Kim O’Connor as the OMP in Boston.

“New England is a dynamic market that is well positioned for continued growth across all of our service lines,” says David Platt, Northeast regional MP at Grant Thornton. “Kim’s passion for growing our practice across New England and sincere interest in our people make her the perfect leader for our Boston office.”

O’Connor joined Grant Thornton in 2004. As an assurance partner, she specializes in working with public and private international companies in the life sciences and consumer industrial products industries.

In addition to her client work, O’Connor has served on numerous national committees and business resource groups to help define and support the firm’s collaborative culture and related employee programs. She has also led dozens of leadership workshops for clients, prospective clients and employees.

Prior to joining Grant Thornton, O’Connor spent 16 years at a large professional services firm, serving as both an audit and consulting partner.

Aprio Re-elects MP and Executive Committee Members; Names New Partners

Richard Kopelman

Atlanta-based Aprio LLP (FY17 net revenue of $85.1 million) announced that Richard Kopelman has been re-elected as the firm’s MP. In addition, the firm has re-elected three executive committee members and added five new partners to Aprio’s leadership team.

Kopelman has been the firm’s MP since 2012 and was re-elected to serve Aprio as MP for three more years. Under Kopelman’s leadership, Aprio has grown its revenue by 40% and added five new services lines to the business. In 2017, Richard championed an industry-leading rebrand transitioning the firm from Habif Arogeti & Wynne to Aprio, and since 2013 has spearheaded six combinations including the firm’s first two outside of the Atlanta market.

In addition, Aprio re-elected three members to its Executive Committee:

  • Yelena Epova, PIC, International Services
  • Michael Levy, PIC, Transaction Advisory Services
  • Alan Vaughn, PIC, Real Estate & Construction

These three partners join existing committee members: Adam Beckerman, Rob Casey and Sam Tuck.

Aprio admitted five new partners in 2019 as it continues to build success for the firm. Naming new partners demonstrates Aprio’s commitment to its team members’ professional growth and development, but also the recognition of the strategic foresight, expertise, dedication and passion these individuals demonstrate in advising the firm’s clients to get to their next.

Aprio’s newest professionals admitted into the partner group, as of Jan. 1, include:

  • Jessica Hussain, Retail, Franchise & Hospitality
  • Michael Lange, Manufacturing & Distribution
  • Thomas Prevatt, Professional Services
  • Thomas Scott, Technology & Blockchain
  • Jagruti Solanki, Technology & Blockchain

“As Aprio continues to grow, it is important that we promote individuals who can be strong leaders and guide the firm to its next,” says Kopelmanr. “It is an honor to promote our co-workers to partners, they have each played an important role in the firm’s success and I know they will continue to develop professionally and advise our clients to achieve what’s next.”

BKD Names New Managing Partner

Carley Williams

Carley Williams has been appointed to MP of Springfield, Mo.-based BKD’s (FY18 net revenue of $594.6 million) Oklahoma City, Enid, Okla., and Tulsa, Okla., offices, effective Jan. 2. Williams succeeds Todd Lisle, who recently transitioned to the MP role for BKD’s Dallas, Fort Worth, Texas and Waco, Texas offices.

“Carley is a tremendously talented partner. I’m excited to see what new ideas he brings to the MP role to help take the Oklahoma practice unit to even greater heights,” said Lisle.

“I’m truly humbled and honored to be chosen to lead such a tremendous group of partners and employees who make up the Oklahoma team, and I’m thankful for the leadership Todd has provided to our practice unit and the successes we’ve achieved as a result,” said Williams. “I’m very passionate to continue building on Oklahoma’s success and to further develop the next generation of up-and-coming leaders.”

Williams has been a partner in the firm’s Tulsa office for more than eight years. Over his 20-year tenure with BKD, Williams has provided audit and advisory services to health care organizations across the country, which has helped define his deep industry expertise. He has served as the relationship manager for key BKD clients in the health care, manufacturing and distribution, higher education and not-for-profit industries, among others.

Ruple Elected Managing Shareholder at Maloney + Novotny

Jon Ruple

Cleveland-based Maloney + Novotny (FY17 net revenue of $19.6 million) announced that Jon Ruple has been elected to serve as managing shareholder.

Ruple has led the firm’s commercial and industrial practice group and also has extensive experience working in the education, health care and not-for-profit arenas. He was admitted into the partnership in 2013.

Ruple succeeds Matthew J. Maloney, who had led Maloney + Novotny since 2004, and who will continue to serve as shareholder and general counsel for the firm.

“I am honored to step into a position that was so well defined by my predecessor Matt Maloney,” Ruple says. “Matt has led Maloney + Novotny’s growth over the past 15 years in which time he led the successful completion of three acquisitions, which has expanded our footprint throughout the state of Ohio.”

In addition to Cleveland, the firm has offices in Canton, Elyria, Delaware and Columbus, Ohio. Maloney + Novotny is a member of Nexia International.

Deloitte Board Nominates New U.S. CEO to Replace Engelbert

Joseph Ucuzoglu

Joseph Ucuzoglu

According to The Wall Street Journal, Deloitte LLP’s board has nominated Joseph Ucuzoglu, who leads the firm’s audit practice, as its official candidate to replace CEO Cathy Engelbert, who will apparently serve just one term.

The Journal, citing internal emails, reports that Janet Foutty, head of Deloitte’s consulting business, was nominated to be U.S. chairman. Both candidates are subject to a vote by Deloitte’s partners and principals early next year.

The board chose Ucuzoglu after deciding earlier this year not to nominate Engelbert for a second term. The Journal reported in June that the move stunned partners.

“Until this week, there was still a chance Ms. Engelbert’s name might be put back into consideration as part of Deloitte’s elaborate CEO-selection process,” writes reporter Michael Rapoport.

In an email the Journal obtained, Mike Fucci, Deloitte’s current U.S. chairman, said that while Ucuzoglu and Foutty are “the most qualified and best prepared candidates” to lead the firm, write-in candidates have been submitted to the board for consideration.

Engelbert says in a prepared statement that it had been “my privilege” to serve as CEO. “I am excited for the future and look forward to supporting a successful and smooth transition process to new leadership through the end of my term.”

Engelbert became the first woman CEO of a U.S. Big 4 firm when she took the job in 2015.

Weinberger to Step Down as CEO of EY in July

Mark Weinberger

Mark Weinberger will step down from his role as global chair and CEO of New York-based Ernst & Young (FY17 net revenue of $13 billion).

The move is effective on July 1, 2019, the start of EY’s financial year 2020.

During Weinberger’s tenure, the global organization has undergone tremendous change. EY has more than 270,000 employees in over 150 countries, and last year 65,000 people joined the firm.

During his tenure, the firm’s annual compound revenue growth rate was 8.5%. Over the past six years, over 120 acquisitions have brought in new skills and capabilities, such as cybersecurity, artificial intelligence and data, the firm announced.

Today EY has 2,000 software robots (bots) at work, with 1,300 of these for clients and 700 in use internally. There are now over 20,000 data and analytics practitioners and more than 2,000 data scientists in EY. Best-in-class blockchain, cyber and digital solutions have been developed in EY.

Within the organization, Weinberger championed increasing diversity. On the Global Executive, the highest governing body in EY, the percentage of women increased to more than 26% and it included more representation from the emerging market and early stage partners to bring in younger voices. Additionally, nearly 30% of the EY FY18 partner class consisted of women.

Weinberger has served on the EY Global Executive for the past 10 years and on the Americas Executive Board for the five years prior. He was elected to his current role in 2012.

Weinberger says, “When I reflected on the massive changes we have navigated over the last seven years and the strong position we command to enable EY to excel in the years ahead, I realized that the time is right for me to step aside.”

EY expects to appoint a new EY global chairman and CEO sometime in January, allowing a six-month transition.

CapinCrouse Appoints Fran Brown as Managing Partner

Gregory B. Capin

Greenwood, Ind.-based CapinCrouse LLP (FY17 net revenue of $21.4 million), which specializes in serving nonprofit organizations, announces that Fran Brown has been appointed MP, effective Jan. 1.

Gregory B. Capin, partner, chairman, and interim CEO, will retire as a partner of the firm on Dec. 31. This strategic leadership transition positions the firm for future growth through a continued focus on its mission of serving organizations whose outcomes are measured in lives changed.

Brown, a partner and the attest professional practice leader, joined the firm in 2014. He has more than 30 years of in-depth experience providing audit and management consulting services to a variety of nonprofit entities, including colleges and universities. Brown is a frequent speaker at seminars, workshops and conferences, and serves as a board member of several nonprofit organizations.

Capin has been with CapinCrouse since 1979 when he joined the firm his father, Richard Capin, founded to serve mission-focused ministries. He will continue to serve as an advisor to the firm.

“I am honored and excited to be the next managing partner for CapinCrouse,” Brown said. “We have a talented and dedicated team of empowered professionals serving clients who are changing lives around the world every day, and I am looking forward to the future that God has in store for the firm.”

CapinCrouse was founded in 1972. Today, the firm serves more than 1,500 nonprofit organizations nationwide with a wide range of audit, review, tax, consulting and cybersecurity services.

UHY Advisors Names New CEO

Steven McCarty

Steven McCarty

Chicago-based UHY Advisors (FY17 net revenue of $140.8 million) has named Steven McCarty as its new CEO, effective Jan. 1, succeeding longtime CEO Tony Frabotta, who will remain chairman of the IPA 100 firm.

McCarty has been leading UHY’s corporate finance business and was industry service leader of UHY’s professional employer organization practice. He’s also a member of UHY’s board of directors in addition to the Michigan region executive committee.

McCarty began his career 27 years ago in UHY’s tax department, moved later to the audit practice and eventually chaired the firm’s transaction services and corporate finance group. “I am grateful to our board for putting their trust in me to lead UHY’s national operations,” McCarty said in a statement. “Our firm is growing while the accounting profession as a whole is consolidating.

“Steve has been with UHY nearly 27 years and has proven himself as an exceptional colleague, industry professional and leader within the firm,” Frabotta said in a statement. “Steve has been a trusted confidant to clients and an active participant in the local communities which UHY serves. As the leader of our corporate finance practice, he has been instrumental in building that service line and participating in hundreds of middle-market transactions.”

Frabotta has served as co-CEO or CEO nationally at UHY for more than 10 years and has been running the firm’s Michigan practice for over 20 years.

“Tony Frabotta has done a masterful job building UHY partner unity and creating a strong marketing mentality,” says McCarty.

He plans to keep extending the firm’s footprint. Last week, UHY acquired Flynn Walker Diggin in Saratoga Springs, N.Y., and it merged in May with Del Conte Hyde Anello & Schuch in Farmington, Conn. In January, UHY expanded in Raleigh, N.C., with the acquisition of Bright Point Consulting. The firm is part of the UHY international network.

PKF O’Connor Davies Establishes German Desk

Ralf Ruedenburg

New York-based PKF O’Connor Davies (FY17 net revenue of $160 million) announced that it has hired Ralf Ruedenburg to serve as principal and practice leader of the new German Desk specializing in audit, tax and advisory services, merger and acquisition advice and tax structuring for U.S., German, Austrian and Swiss clients.

“Ralf is exactly the right person to lead this exciting expansion,” says MP Kevin J. Keane. “As our international footprint continues to grow, his leadership and experience will be essential in further establishing a robust offering for U.S. clients conducting business in Germany and German, Austrian and Swiss clients conducting business in the U.S.”

This growth is part of PKF O’Connor Davies’ initiative to solidify world-class services for international markets and answer the call from clients to extend the firm’s practice areas. The German desk will provide clients with international insights, technical expertise and a deep cultural understanding of German business needs and priorities. The firm also has a China Desk, serving Asian clients.

“I’m proud to join the incredible international team at PKF O’Connor Davies to expand our presence in the market where I began my career,” says Ruedenburg. “German-owned companies have a unique set of accounting needs, and I look forward to building a practice with exceptional professional services to drive better results for current and new clients.”