EisnerAmper CEO Discusses Economic Relationship with U.K. Secretary of State

Charles Weinstein

Charles Weinstein

Charles Weinstein, CEO of New York-based EisnerAmper (FY17 net revenue of $352.6 million), together with a group of business leaders, met with Liam Fox, U.K. Secretary of State for International Trade, to examine ways in which to strengthen the U.K. – U.S. economic relationship.

The roundtable discussion featured representatives from Fortune 500 companies across a variety of industries and focused on issues such as talent mobility, capital formation, tariffs and trade.

“The roundtable discussion was the forum for an exchange of many great ideas with The Rt. Hon. Liam Fox MP and the other distinguished CEOs,” says Weinstein. “Our two nations clearly have a long, mutually beneficial commercial history. And it’s exciting that there are a host of 21st century opportunities ahead of us.”

Xero Names New CEO

Steve Vamos

Steve Vamos

Xero, a cloud accounting company, named Steve Vamos as its new global CEO. Previous CEO, Rod Drury, will remain with the company as a non-executive director.

“What Rod and Xero have accomplished is rare and remarkable,” says Vamos. “I’m excited to have this opportunity to lead Xero’s growth and development going forward. I have really enjoyed the opportunity to work with the Xero leadership team and we have a clearly communicated strategy, which we are committed to executing.”

Vamos has 30 years of experience including being the former head of Microsoft Australia. Prior to that, he served as managing director of Apple Computer Australia and New Zealand, and in various executive and professional roles at IBM between. Vamos also led the growth and development of an online media business in his role as CEO of Ninemsn, a joint venture between Microsoft and former Australian media company Publishing and Broadcasting Limited.

“Succession planning has been high on the board’s agenda and with the business performing strongly, we believe the time is right to make the transition at CEO level,” says Xero chair Graham Smith.

“Xero has recently achieved a number of key milestones: We’ve achieved positive EBITDA and operating cash flows, consolidated our listing on the ASX and built an exceptional leadership team. It’s now the right time for me to pass the baton to Steve, who has the experience to significantly expand Xero internationally. Steve has demonstrated to the board and me that he has the skills and experience we need to execute Xero’s next phase of growth, while I contribute to strategy as a non-executive director with my passion for product innovation,” says Drury.

GranthamPoole Names New Managing Member

Robert Cunningham

Robert Cunningham

Ridgeland, Miss.-based GranthamPoole named Robert Cunningham managing member. He is a founding member of the firm. Cunningham succeeds Gregory Markow, who was managing member since 2013.

Cunningham specializes in manufacturing and distribution, retail, real estate, construction, higher education, non-profits and employee benefit plans.

GranthamPoole focuses on the industries of health care, nonprofit organizations, wholesale and retail, law firms, construction and real estate.

Armanino Managing Partner Announces Retirement

Andy Armanino

Andy Armanino

Andy Armanino, CEO and MP of San Ramon, Calif.-based Armanino LLP (FY16 net revenue of $195 million), announced his upcoming retirement. Matt Armanino, COO, will succeed him effective Jan. 1, 2019.

During Andy’s tenure, the firm was regularly recognized as a Best of the Best firm by INSIDE Public Accounting (IPA). He has also been named to IPA’s Most Admired Peer list for six of the past seven years and currently serves as vice chair of Moore Stephens North America and Moore Stephens International, a global accountancy and consultancy network.

Matt Armanino

Matt Armanino

“While I am extremely proud of all our firm has accomplished, I am most proud of our efforts to become the most innovative and entrepreneurial firm that makes a positive impact on our clients and people,” says Andy Armanino. “I believe good leadership involves knowing how and when to initiate change. It is time for a new generation of Armanino leaders to take the helm, and I am confident that through them our legacy will live on and the firm will continue to thrive.”

Incoming MP Matt Armanino joined the firm as COO in 2008 and has been a member of its executive committee for the past nine years. In addition to managing firm operations, he’s led Armanino’s CFO advisory and cloud consulting practices. As CEO and managing partner, he will be responsible for the firm’s overall strategy, growth and culture across its audit, tax, consulting and business management practices.

“Andy’s unwavering leadership and extraordinary vision have driven Armanino to new heights,” says Matt Armanino. “He is a tough act to follow. But our firm is well-positioned for the transition. He has set us up for success and I am personally very excited to lead the firm as we continue to build on his legacy.”

Deloitte CEO Says Women in Top Roles Should Move From ‘Novelty to Norm’

Cathy Engelbert

Cathy Engelbert

Deloitte’s Cathy Engelbert, the first woman to become a CEO of a U.S. Big 4 accounting firm in 2015, knew that taking on the top job was a big deal for her personally. “What I didn’t realize was what a big deal it was outside the firm to get this role. It’s been great to show that women can be leaders of big companies.”

During the World Economic Forum in Davos, Switzerland, Engelbert recently spoke with Global Goalscast, a podcast of the We Are All Human Foundation, which promotes diversity, “radical inclusion” and equity. In an interview with co-host Edie Lush, Engelbert says she’s now accustomed to talking about cracking the glass ceiling, but adds, “I talk about how we need to move these elevations of women into key roles from novelty to norm. I think it’s really important to focus on that.”

In September 2016, Engelbert changed Deloitte’s leave policy to help both men and women take time off for family matters. “Our family leave program we think is industry-leading. Sixteen weeks for men and women, not just for parental leave, but for any family matters. It’s been amazingly positive,” Engelbert says. “Our people are fired up. The best email I got was from a man who said ‘I hope I never have to use it for a sick parent or a sick child but if gives me peace of mind that it’s there.’ We did something that was right for our people.” She told Lush that the move has helped Deloitte retain and recruit talent.

Engelbert also discussed the need to partner with Apple, Amazon, Facebook, HP and other emerging companies to help serve clients in an innovative way, saying, “No one company can do it alone in this fast-paced industrial revolution.”

She continues, “The hardest part about being a CEO today, I think, is there are so many shifts going on, Where do you deploy your capital? What choices to do you make? What impact do you want to have? Then, you have to bring in the fact with a 62% millennial workforce, our people want purpose driven in everything we do. And you’ve got to take care of well-being. So, it’s a fascinating time to be a leader and make these choices in how, again, you allocate not only your human capital, your financial capital, but your own time as a CEO.”

Engelbert also has some advice for up-and-coming female leaders. “Your career is not linear, it changes. You need to raise your hand and have confidence and take risks. When you don’t want to do something, you have to have what you want to do right behind it. The leader that thinks of you for positions wants to know you’re helping solve another problem they might have.”

View the full interview. 

Gelman Names New MP

Mark Tackmann

Mark Tackmann

Santa Ana, Calif.-based Gelman LLP named Mark Tackmann as MP, succeeding Larry Kane.

“We are very fortunate to have so many qualified exceptional leaders in the firm. The unanimous agreement of Mark as our new managing partner is outstanding for us. Mark’s leadership skills and business acumen are tremendous assets that will help propel continued success for Gelman. Mark’s vision for the firm’s future is inspiring and very exciting for all of us,” says Kane.

Tackmann has 23 years of experience in public accounting, and worked with Gelman previously. He rejoined the firm in August 2017 after spending the last 12 years as a partner with two Orange County-based CPA firms where he was instrumental in growing strategic advisory services, shaping the client-centric service models and using advanced technology to streamline and enhance the clients’ experience. Tackmann has experience at strategic business planning, mergers and acquisitions, financial analysis, and integrating both tax and assurance services.

Moore Stephens North America Elects Board Vice Chair

Rick Davis

Rick Davis

Rick Davis, CEO of Greenville, S.C.-based Elliott Davis (FY17 net revenue of $118 million) was elected vice chair of the board of directors of Moore Stephens North America (MSNA), effective Jan. 1.

“As a member firm, we realize the benefits of the Moore Stephens organization daily,” says Davis. “The opportunity to serve as vice chairperson of the board of directors is a unique honor. I am grateful for the trust of the membership as we all work towards the common goal of creating opportunities.”

“Our executive board is consistently filled with leaders from the top firms in North America,” says Tony Szczepaniak, CEO of MSNA.

In addition to Davis and Szczepaniak, the executive board consists of Andy Armanino, MP of Armanino LLP and chairman of the MSNA board, Beth Kieffer Leonard, MP at Lurie LLP, Cheryl Burke, COO of DGC, Tony Caleca, MP of Brown Smith Wallace, and Greg Hutchins, partner at HCVT.

BerganKDV Names New CEO

Dave Hinnenkamp

Dave Hinnenkamp

St. Cloud, Minn.-based BerganKDV (FY17 net revenue of $47.9 million) named Dave Hinnenkamp as CEO, effective July 1, 2018. Hinnenkamp is currently serving as BerganKDV’s wealth management PIC, a position he has held with the firm for the past 16 years.

A 34-year veteran of the firm, Hinnenkamp began his career at BerganKDV in 1984 as a staff accountant and rose through the ranks to become partner in 1992. In 2002, Hinnenkamp was responsible for the launch of BerganKDV Wealth Management as a startup entity. As a long-standing member of the firm’s leadership team, Hinnenkamp has been instrumental in guiding and developing the culture and structure of the organization.

“I have spent nearly one half of my career working on the CPA side of our business and the other half building the wealth management line of business, giving me a unique perspective. Human capital is our primary asset and my intention is to focus significant effort on attracting, retaining and developing talent and ensuring those talents are unleashed to grow and improve our firm,” says Hinnenkamp.

“The board of directors have worked diligently to identify the leadership traits, qualifications, core responsibilities and accountabilities needed to ensure our firm’s continued success,” says board chair Earl Edeburn, “We are confident that Dave has the perfect mix of technical expertise and even more important, passion around our firm’s vision, to lead our team as we continue to grow and thrive.”

Hinnenkamp succeeds current president and CEO Loren Viere, a 40-year veteran of the firm, who will remain on staff to continue to service clients and consult on merger and acquisition activity.

Maxwell Locke & Ritter Names Parks as Leading Partner

Kyle Parks

Kyle Parks

Austin, Texas-based Maxwell Locke & Ritter (FY16 net revenue of $24.2 million) has named Kyle Parks as leading partner, effective Jan. 1, 2019.

Parks will be the third leading partner in their 27-year history, succeeding Steven Knebel and Earl Maxwell. Knebel will continue his advisory and consulting practice and serve as a mentor to our people.

“Kyle is a strong entrepreneurial leader who will steer us through the next iteration of ML&R’s growth. He will maintain our focus on the strengths that have brought us success – selecting and retaining talent, working with clients who share our core values, protecting ML&R’s culture and giving back to the regional community that has been so good to us,” says Knebel.

Parks joined Maxwell Locke & Ritter in 2004 after 10 years with Ernst & Young. He specializes in corporate tax planning, merger and acquisition structuring, and IRS compliance and reporting requirements. He is a leader on ML&R’s business development and recruiting teams and serves a wide array of clients who are representative of the area’s economy.

“We will continue to focus on hiring great people and providing quality service to our clients in a highly responsive manner,” says Parks. “Likewise, we will continue to encourage our people to engage in and give back to the central Texas community. These qualities have built ML&R into what it is today and will continue to keep us successful as we move into the future.”

Crowe Horwath Extends Powers’ Term as CEO

Jim Powers

Jim Powers

Chicago-based Crowe Horwath (FY17 net revenue of $809.5 million) has reappointed Jim Powers as CEO. Powers’ CEO term has been extended to March 31, 2021.

“Under Jim’s leadership, Crowe has enjoyed a great deal of success from executing toward his vision of ‘Deep Specialization,’ ‘One Crowe’ and Crowe as a technology firm,” says Wendy Cama, chair of the board of directors. “Given this success, the board approached Jim about continuing as CEO, and we mutually agreed on a two-year term extension.”

Since the beginning of Powers’ tenure, the firm has increased its annual revenue by nearly 15% and increased its personnel by 18%. According to Cama, much of this growth and success can be attributed to a number of initiatives put in place under Powers.

“It has been a true privilege to serve as CEO, and I’m eager to keep working toward our future,” says Powers. “I’ve learned so much from this experience and am thrilled to continue during this exciting period as the industry incorporates technology into all that we do.”