Tom Hood is leaving his position as the lengthy-time govt director of the Maryland Affiliation of CPAs to join the Affiliation of Intercontinental Accredited Qualified Accountants as govt vice president of business enterprise expansion and engagement.
The association has also acquired MACPA’s Business enterprise Studying Institute, which offers forward-looking techniques teaching and plans mainly to company accountants, to improve its studying choices for corporate workforce.
While Hood’s new job will include things like managing the BLI, his key duties will be as a sort of international scout for the job — receiving out into the subject close to the globe to both equally detect problems and possibilities that accountants will need help with, and to obtain, create and leverage new resources and providers to enable accountants satisfy all those challenges and opportunities.
“Empowering human money to thrive in a world-wide entire world … and aiding us equip CPAs, CGMAs and other individuals with that long run-prepared skill set — which is most likely the aspect that really energized me,” Hood explained to Accounting Today. “It’s a action up on scaling up what we’ve been doing presently, which is equipping the job to offer with the upcoming.”
A staff of persons will be coming over with the BLI from MACPA they will report into the association’s profits group, even though Hood will report instantly to association CEO and president Barry Melancon.
“Tom’s vision and mission to enable finance and accounting pros develop in a shifting business enterprise environment is nicely aligned with the association’s aims of powering believe in, option and prosperity for users, learners, the career and those they serve,” mentioned Melancon, who is also president and CEO of the American Institute of CPAs, in a assertion. “He provides electrical power, perception, enthusiasm and a unique potential to aid connections.”
Hood expects to operate closely with the association’s main govt of administration accounting, Andrew Harding, and its recently appointed CEO of public accounting, Sue Coffey (see our story).
The role will include working throughout a fantastic many segments — the two experienced and geographic — of the job. “The objective will be to attempt to consider the items that are rising to the prime of issues and possibilities in all these segments and then beginning to address them,” he spelled out. “We’re acquiring that the problems folks are facing globally are the same they are experiencing the U.S. — how can we leverage and master from every other in a bigger community? We’re likely to leverage some of the grassroots communities that by now exist. On the company aspect, there is much more of that in the U.K. and the CIMA aspect, and we want to provide some of that into the U.S., and then of course we want to establish on and leverage the issues that are previously heading on in public accounting in the U.S. on the institute aspect.”
“My aim there will be to provide the intelligence from the ground, being involved at a deep level, surveying and having final results, and bringing that intelligence back into the affiliation so they can travel items and products and services to deal with the developments and issues in individuals constituencies,” he continued.
Succession at MACPA
In addition to staying 1 of the profession’s key thought leaders — he has been voted the next most influential man or woman in accounting by his peers every yr for nearly a ten years — Hood is also broadly recognized for having pushed the growth of MACPA into both equally a product of an progressive point out CPA culture, and a supply of national management for the career, which include new AICPA chair Kimberly Ellison-Taylor and long term chair Anoop Mehta.
As Hood leaves for his new situation, present MACPA main functioning officer Jackie Brown will phase up as CEO.
MACPA had been working on its succession for a few or four yrs, Hood spelled out.
“I’m leaving a minor previously than prepared, but our leadership staff has been solid in the fires of COVID 19,” he explained. “It’s not just Jackie — it’s Jackie and Invoice Sheridan and Mary Beth Halpern and Dee Sullivan and quite a few other people — but Jackie is the 1 who really retained the lifestyle collectively throughout the pandemic and held that management crew performing when I was out on the road. … I assume we’re all looking ahead to what MACPA 3. is heading to seem like beneath Jackie’s leadership. We’re experience great about it.”
Other than leaving guiding a solid management workforce, Hood famous that MACPA has occur by means of the pandemic very well from a monetary point of view, and that the sale of the BLI leaves the condition modern society in an even improved fiscal posture.
“We invested a large amount of time and dollars and sweat around the several years into BLI, and the acquisition will help place that investment back into Maryland,” he claimed. “So there is a nice healthier fund equilibrium heading ahead in what is really a pretty uncertain foreseeable future. It’s nice to have that restoration or payback. … I’m leaving it in excellent financial condition and in seriously great management condition.”
Hood also mentioned that he’ll however be working from Maryland, and that he’ll continue to be lively as a volunteer around the following year on MACPA’s legislative committee, which plays a primary job in advocating for concerns of great importance to CPAs with the point out legislature.
Though he’ll retain his ties with Maryland, Hood is clearly enthusiastic about the choices of his new position.
“It’s the only job I would have taken at this stage in my job,” he explained. “Being aspect of the career and helping to continue on transforming it — that is where my passion is. I’m energized about continuing to assist this career prosper in a worldwide entire world. This pandemic is giving us a total other possibility. … The globe and our communities have to have us much more than at any time in this atmosphere, and my purpose is to hold that transferring and make us even additional indispensable.”
