April 12, 2024

Business Active

business the management

Tom Hood leaves MACPA for Association

5 min read

Tom Hood is leaving his situation as the extended-time executive director of the Maryland Association of CPAs to join the Association of Intercontinental Accredited Professional Accountants as government vice president of business enterprise advancement and engagement.

The association has also obtained MACPA’s Company Understanding Institute, which offers ahead-looking abilities training and applications mainly to company accountants, to strengthen its mastering offerings for company personnel.

When Hood’s new part will include functioning the BLI, his major tasks will be as a kind of international scout for the career — finding out into the discipline all around the environment to the two discover problems and options that accountants have to have aid with, and to uncover, build and leverage new tools and services to enable accountants satisfy those issues and chances.

“Empowering human cash to prosper in a international world … and encouraging us equip CPAs, CGMAs and others with that future-completely ready skill established — that is most likely the portion that truly excited me,” Hood instructed Accounting Right now. “It’s a action up on scaling up what we’ve been accomplishing currently, which is equipping the occupation to deal with the long term.”

A workforce of individuals will be coming above with the BLI from MACPA they will report into the association’s gross sales team, whilst Hood will report straight to affiliation CEO and president Barry Melancon.

“Tom’s vision and mission to assist finance and accounting professionals improve in a changing business enterprise atmosphere is properly aligned with the association’s objectives of powering have confidence in, prospect and prosperity for users, learners, the occupation and those they provide,” explained Melancon, who is also president and CEO of the American Institute of CPAs, in a statement. “He delivers strength, perception, enthusiasm and a exclusive capacity to aid connections.”

Hood expects to operate carefully with the association’s main executive of management accounting, Andrew Harding, and its freshly appointed CEO of public accounting, Sue Coffey (see our tale).

The role will require performing across a great numerous segments — equally skilled and geographic — of the occupation. “The objective will be to consider to get the things that are increasing to the best of challenges and options in all these segments and then starting to address them,” he spelled out. “We’re obtaining that the difficulties folks are experiencing globally are the same they are facing the U.S. — how can we leverage and find out from each and every other in a even bigger local community? We’re heading to leverage some of the grassroots communities that by now exist. On the company facet, there is more of that in the U.K. and the CIMA side, and we want to deliver some of that into the U.S., and then naturally we want to establish on and leverage the points that are currently heading on in public accounting in the U.S. on the institute side.”

“My goal there will be to provide the intelligence from the ground, staying involved at a deep degree, surveying and receiving outcomes, and bringing that intelligence back into the affiliation so they can travel products and providers to tackle the traits and concerns in all those constituencies,” he ongoing.

Tom Hood

Succession at MACPA

In addition to staying a person of the profession’s principal assumed leaders — he has been voted the second most influential individual in accounting by his friends every calendar year for practically a ten years — Hood is also broadly acknowledged for owning pushed the growth of MACPA into both of those a design of an modern point out CPA culture, and a source of nationwide leadership for the job, such as modern AICPA chair Kimberly Ellison-Taylor and foreseeable future chair Anoop Mehta.

As Hood leaves for his new placement, latest MACPA main working officer Jackie Brown will step up as CEO.

MACPA had been doing the job on its succession for three or 4 yrs, Hood spelled out.

“I’m leaving a tiny previously than planned, but our leadership crew has been cast in the fires of COVID 19,” he said. “It’s not just Jackie — it is Jackie and Invoice Sheridan and Mary Beth Halpern and Dee Sullivan and quite a few other people — but Jackie is the one particular who genuinely saved the society collectively throughout the pandemic and saved that leadership workforce operating though I was out on the road. … I imagine we’re all hunting ahead to what MACPA 3. is going to appear like beneath Jackie’s leadership. We’re feeling superior about it.”

Aside from leaving at the rear of a robust leadership crew, Hood famous that MACPA has come as a result of the pandemic properly from a economic issue of look at, and that the sale of the BLI leaves the point out culture in an even greater fiscal position.

“We invested a large amount of time and funds and sweat above the a long time into BLI, and the acquisition will help set that expense again into Maryland,” he explained. “So there’s a pleasant wholesome fund balance heading ahead in what’s definitely a incredibly uncertain long run. It is wonderful to have that restoration or payback. … I’m leaving it in fantastic money condition and in definitely very good leadership shape.”

Hood also observed that he’ll nonetheless be doing the job from Maryland, and that he’ll keep lively as a volunteer around the upcoming yr on MACPA’s legislative committee, which plays a leading role in advocating for concerns of value to CPAs with the state legislature.

Whilst he’ll manage his ties with Maryland, Hood is plainly thrilled about the prospects of his new posture.

“It’s the only work I would have taken at this stage in my profession,” he stated. “Being portion of the profession and supporting to go on reworking it — that is exactly where my enthusiasm is. I’m psyched about continuing to aid this occupation thrive in a worldwide planet. This pandemic is supplying us a complete other option. … The environment and our communities need us extra than at any time in this environment, and my intention is to keep that shifting and make us even additional indispensable.”

You may have missed