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Clifton Gunderson Names First Woman to Lead Top Accounting Firm April 7, 2008 (SmartPros) Clifton Gunderson, one of the nation's largest certified public accounting and consulting firms, announced it has named Krista McMasters as CEO. McMasters succeeds Carl George, who is retiring from CEO after 16 years in the post. McMasters will begin the transition into her new role, effective immediately, until she officially McMasters becomes the fourth CEO in Clifton Gunderson's nearly 50 year history. She also becomes the first and only female to serve as CEO among the nation's top 25 certified public accounting firms in the history of the profession. "Clifton Gunderson is the largest accounting firm to appoint a woman to its top leadership position," said Barry Melancon, president and CEO of the American Institute of Certified Public Accountants. "Krista's achievement is an important signal that old barriers are falling." Melancon said today women make up more than half of new accounting graduates and account for 20 percent of firm partners nationwide. McMasters has a 30 year history with the firm having joined as an associate accountant in 1978. She was admitted as a partner in 1985, became director of Assurance Services in 1989, and most recently serves as chief practice officer. Carl George will continue to play a key strategic role with Clifton Gunderson until his retirement in 2012. |
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