Hancock Askew & Co. Grows Transaction & Valuation Practice

Kevin Wilson

Savannah, Ga.-based Hancock Askew & Co. (FY18 net revenue of $15.7 million) announces the addition of two senior executives to the transaction and business valuation practice – Hancock Askew Advisors. The team now consists of five certified advisors.

Kevin Wilson and Sarah DeKreek have joined the team as directors of business valuation. Wilson will work from the Miami office and DeKreek will be located in the Atlanta office. Both will serve clients across all markets for business valuation services for tax, real estate, financial reporting, and transactional advisory and litigation support. They will also specialize in providing valuations for purchase price allocations, buy-sell agreements, succession planning, ESOPs and estate planning.

Sarah DeKreek

Hancock Askew Advisors is led by director Mary Roberts, who says Wilson and DeKreek will strengthen the firm’s reach and knowledge base and allow for further expansion of the practice. “Their depth of knowledge and experience in business valuations will add immense value to each engagement and I’m looking forward to working with them.”

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Friedman Welcomes International Tax Practice Director

David Slemmer

David Slemmer

New York-based Friedman LLP (FY17 net revenue of $101.5 million) has announced that David Slemmer has joined the New York office as a director in the firm’s international tax practice with a specialized focus in the area of transfer pricing.

He brings more than 20 years of experience evaluating and planning projects for large multinational companies as well as mid-market businesses across several industries. He has worked closely with clients in the life sciences, consumer business and manufacturing sectors.

His expertise includes:

  • Helping taxpayers determine appropriate transfer prices for future transactions
  • Performing economic studies for use in the defense of transfer prices under examination
  • Delivering industry-specific analyses for negotiations with the Internal Revenue Service and non-U.S. taxing authorities

Chris Fifis Joins Grassi & Co. as Director of Business Development

Chris Fifis

Chris Fifis

New York-based Grassi & Co. (FY17 net revenue of $60.8 million) announces that Chris Fifis is joining the firm’s leadership team as director of business development.

Fifis will cultivate new business opportunities and further the growth of the firm’s practice areas. Previously, he worked in business development for an insurance broker where his role focused on mid-sized companies – primarily in food processing, distribution and manufacturing – and helped them reduce risks and establish new policies and procedures.

He will be based in the Park Ridge, N.J., office and will focus his initial efforts on the northern New Jersey and New York markets, the firm says.

“Chris’s areas of expertise, particularly in prospecting in the northern New Jersey and Philadelphia markets, make him a desirable addition to our team as we continue to branch out into new territories,” says MP and CEO Louis C. Grassi. “We have an extremely strong presence in both Long Island and New York City and I am confident that Chris will help our firm build new and deeper relationships in New Jersey as well.”

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Baker Tilly Names Lynette Stolarzyk Specialty Tax Leader

Lynette Stolarzyk

Lynette Stolarzyk

Chicago-based Baker Tilly (FY18 net revenue of $578.4 million) has announced that principal Lynette Stolarzyk will lead the firm’s new specialty tax group.

In her new role, Stolarzyk will be responsible for driving growth and expanding the capabilities of Baker Tilly’s specialty tax group, which brings together the practices of international tax, IRS practice and procedures, methods and credits, and state and local tax.

Joseph C. O’Neill, Baker Tilly MP of tax services, says, “Bringing together these technically complex practice areas within a firmwide specialty tax group provides our clients with distinctive, value-added tax services, helping them solve complex business problems and interpret evolving rules and regulations.”

Stolarzyk has extensive experience providing tax consulting and compliance services for public and private companies, as well as historic experience in academia as a senior lecturer and director of professional programs in accounting at the University of Wisconsin, Madison. Over the last 20 years she has served as both advisor and client, which gives her a full perspective on how specialty tax services can help clients. Last year, she was named to Finance and Commerce’s Top Women in Finance and Minnesota Business Magazine’s Women Who Lead.

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RKL Introduces De Stefano as New CFO

Michael De Stefano

Lancaster, Pa.-based RKL LLP (FY17 net revenue of $67.9 million) has announced that Michael De Stefano has joined the firm as CFO, succeeding Kevin Lightner, who retired from the firm April 30 after 18 years as CFO.

As CFO, De Stefano will lead and manage financial operations in close collaboration with RKL leadership.

De Stefano’s new role marks his return to the firm where he began his career. In 1995, he began as a staff accountant and rose to the position of audit manager. De Stefano became the controller of a large transportation and logistics company in Middletown, Pa., in 2009, and most recently served as the company’s CFO and vice president of finance.

“We thank Kevin Lightner for his dedication and service to RKL, and wish him the best in the future,” says RKL CEO Edward W. Monborne. “We’re proud to welcome Mike De Stefano back to RKL and we look forward to his contributions toward RKL’s continued growth and success.”

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David Hartley Joins Anders as Partner to Expand Advisory Services

David Hartley

David Hartley

St. Louis-based Anders CPAs + Advisors (FY17 net revenue of $31.8 million) has admitted David Hartley as a partner to lead growth of the advisory services practice.

Hartley has more than 25 years of experience in C-suite leadership roles and consulting with privately held businesses on technology strategy and enterprise risk services.

Prior to joining Anders, Hartley was a principal at a Top 100 accounting firm, working with closely held, private and middle-market businesses on technology audits and enhancements. Named the 2018 Outstanding Visionary by the Missouri Society of CPAs, Hartley also served as CIO at a publicly traded coal producer, where he was responsible for overseeing the company’s technology, including strategy, applications development, infrastructure and cybersecurity. Hartley is a frequent speaker and writer.

“Anders already has a strong reputation for delivering high-impact services to clients, with all the right ingredients in place for continued growth,” explains Hartley. “I’m excited to join as a catalyst to accelerate the firm’s growth in high value advisory services. Today’s middle market companies navigate a myriad of opportunities and challenges and need valuable advisors to bring expertise and wisdom along the way.”

MP Robert Minkler says Hartley’s hiring marks a new focus on non-traditional accounting services. “We believe this is where the profession is heading, and it is an opportunity to provide additional value to our clients and to grow the firm purposefully.” With technology driving change in the accounting industry, the firm believes bringing in Hartley is a natural step in developing the firm of the future.

Anders advises clients in areas of technology, outsourced accounting, banking, fraud, valuation, litigation, business transition planning, cybersecurity and data analytics, among others.

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Women C-Suite Ranks Increase, but Not Much

More women are holding the nation’s most important corporate roles, just not that many more, according to a survey by Korn Ferry, a global consulting firm and executive recruiter.

Women now hold 25% of the five critical C-suite positions. That’s an increase from 23% in 2018, according to the analysis of the nation’s 1,000 largest corporations across eight industries – consumer, energy, financials, health care, industrial, retail, services and technology. Still, women hold a majority of only one of those spots, chief human resources officer, and only 6% of CEO spots are held by women, unchanged from 2018.

“In every industry we analyzed, there’s a tremendous need for improvement to bring more women to the C-suite,” says Jane Stevenson, global leader of Korn Ferry’s CEO Succession Services. The onus is on both women to seek out experiences that can help them lead and organizations to create an environment where women can succeed, she says.

The Korn Ferry analysis reviewed the positions of chief executive officer, chief financial officer, chief information/technology officer, chief marketing officer (CMO), and chief human resources officer (CHRO). Among the eight industries, retail has the highest percentage of female CEOs (12%). In contrast, healthcare has the fewest, at 1%.

Women hold 55% of the CHRO spots across industries. The CMO role saw the biggest percentage increase of all C-suite roles, rising to 36% from 32% in 2018. The financial industry has the highest percentage of female CMOs at 53%, up from 45% last year.

About 45% of employees at the nation’s largest firms are women, according to various studies. But female representation diminishes considerably up the leadership ladder. It’s hard to pinpoint exactly how gender influences hiring and promotion, but companies must commit to developing a pipeline of women leaders, experts say. “It’s critical that both talented women and those around them focus on creating a clear path for advancement,” Stevenson says.

EY Names New Chicago OMP

Jud Snyder

Jud Snyder

Big 4 firm EY has named Jud Snyder managing partner of its Chicago office, replacing Kim Simios on July 1.

This transition is part of a planned rotation succession, the firm announced.

As OMP in Chicago, Snyder will support a team of approximately 3,500 professionals across the assurance, tax, transaction and advisory service lines. Snyder will be “responsible for developing and engaging EY’s people, creating high-performing teams, driving market leadership and amplifying the EY brand through strong engagement in the Chicago market,” according to a statement from the firm.

Snyder most recently served as deputy assurance MP in the central region. He was responsible for performing quality audits, driving growth, managing resources and developing 1,800 staff across the regional assurance practice that spans 17 offices and 15 states. Prior to that role, he served as the COO for EY in South America, based in São Paulo, Brazil. While there, he worked with the organizing committee of the Rio 2016 Olympic Games.

BKD Announces 23 New Partners, Managing Directors

Springfield, Mo.-based BKD (FY18 net revenue of $594.6 million) has announced that 12 professionals have been admitted to the partnership effective June 1. In addition, 11 were promoted to managing director.

CEO Ted Dickman says, “While their respective transitions will bring new challenges, these seasoned professionals are well-prepared to take on the responsibility. We take great pride in shining a spotlight on outstanding individuals and their achievements.”

Partner

  • Scott Bormet, Transaction Services
  • Tim Eischeid, Chicago
  • Amy Frizzell, Wealth Advisors
  • John Griffin, Dallas
  • Jenifer Hitschmann, Wichita, Kan.
  • Justin Kensinger, Springfield
  • Matt Klauser, Transaction Services
  • Kieth McGovern, Kansas City, Mo.
  • Jennifer Sanders, Louisville, Ky.
  • Nate Scott, Omaha, Neb.
  • JoAnna Simek, Chicago
  • Chris Woosley, Louisville, Ky.

Managing Director

  • Brian Bell, HCPAS
  • Jeff Bodkin, Indianapolis
  • Heather Broyles, Wealth Advisors
  • Christie Clements, Enterprise Risk Solutions
  • Nicole Fishback, Indianapolis
  • Glenn Grigsby, Louisville, Ky.
  • Jason Jobgen, Cost Segregation Services
  • Troy Lindsey, St. Louis
  • Mike Summers, Indianapolis
  • Allen Wong, Houston
  • Tomi Yoshitomi, Indianapolis

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RKL Wealth Management’s Stephanie Etter Promoted to Chief Compliance Officer

Stephanie J. Etter

Stephanie J. Etter

RKL Wealth Management LLC, a subsidiary of Lancaster, Pa.-based RKL LLP (FY17 net revenue of $67.9 million), announced that Stephanie J. Etter has been promoted to chief compliance officer.

In her new role, Etter is responsible for developing and monitoring the firm’s compliance program, ensuring that all activities of the firm meet regulatory requirements and acting as a liaison with legal and regulatory bodies on compliance-related issues.

“We congratulate Stephanie on her promotion to this significant leadership role for our firm. Her years of experience in operations working in conjunction with our compliance professionals combined with her dedication to client service excellence make her a natural choice for this new role,” says president Laurie Peer.

Etter most recently served as the firm’s operations manager and served as a liaison between the operations team and top management while establishing and implementing processes and procedures. Prior to joining the firm, she spent 16 years in the wealth management industry.

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