Steve Strammello to succeed Mark Baer as CEO, effective January 1, 2025
CHICAGO, May 23, 2024
/PRNewswire/ -- Crowe LLP, a public accounting, consulting, and
technology firm, has announced the appointment of Steve Strammello,
52, as its CEO-elect. He will succeed Mark
Baer to assume the CEO role on January 1, 2025, the start of the firm's fiscal
year. Baer will conclude his full 4-year term on December 31, 2024, and, together with Crowe's
board of directors, he will begin the customary transition process
to ensure a seamless transition of leadership
to Strammello.
The Crowe board of directors, which governs the firm, appointed
the CEO-elect after an extensive vetting process.
"Steve was chosen to lead our firm for many reasons but
primarily due to his deep understanding of how our profession is
changing and a strong vision for how Crowe can continue to innovate
and thrive in this dynamic environment," said Dawnella Johnson, Crowe board chair. "A
confluence of factors is altering our landscape – the proliferation
of advanced technology and AI, evolving business models, shrinking
talent pipeline, and new entrants to the profession, just to name a
few. However, amid those factors, certain truths remain critical to
our business – quality, integrity, our values, client service and
the stakeholder experience. We believe Steve is the right leader
for our firm at this pivotal time."
Johnson added, "He is a strong communicator and inspirational
leader that blends a connection to our rich history with a
future-ready mindset."
"I'm honored to be chosen as the next CEO of this great firm,"
said Strammello. "Crowe exists today because, for over 80
years, our past leaders put quality first and focused on our
clients and people. It's my obligation to pay that forward to
our future leaders. The business environment has certainly
changed over the years, and no doubt will continue to change in the
years ahead. But the identity of Crowe remains a constant. Quality
first, with focus on our clients and people, is what the world can
and should expect of Crowe."
The firm's CEO succession plan includes a defined transition
period for Baer and Strammello to work together. Baer will
continue serving as a Crowe partner upon completion of his full
4-year term as CEO. As immediate-past CEO, Baer will leverage
his incredible experience, vision, and commitment to quality to
drive market growth and talent initiatives for the firm while
advancing trust within the profession.
Strammello, a 30-year veteran of the firm, currently serves as
the Global Markets Leader for Crowe. Previously, he served in
numerous senior leadership roles for the firm, including Chief Risk
Officer and managing partner of the firm's Risk Consulting
practice. He spent the first nine years of his career in Crowe's
Audit & Assurance business.
He received his Bachelor of Science degree in Accountancy from
University of Illinois
Urbana-Champaign, and resides in Carmel, Indiana.
About Crowe
Crowe LLP is a public
accounting, consulting, and technology firm that uses its deep
industry expertise to provide audit services to public and private
entities. The firm and its subsidiaries also help clients make
smart decisions that lead to lasting value with its tax and
consulting services, helping businesses uncover hidden
opportunities in the market – no matter what challenges the markets
present. Crowe is recognized by many organizations as one of the
best places to work in the U.S. As an independent member of Crowe
Global, one of the largest global accounting networks in the world,
Crowe serves clients worldwide. The network consists of more than
200 independent accounting and advisory services firms in more than
130 countries around the world.
Twitter: @CroweUSA
LinkedIn: Crowe
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SOURCE Crowe LLP