Glen Allen, Va.-based Keiter (FY17 net revenue of $27 million) has named Gary Wallace as the firm’s new MP, effective Jan. 1, 2019. Wallace has more than 30 years of accounting experience both in the private and public sectors and most recently served as the tax department leader for Keiter. He is succeeding L. Michael Gracik Jr., who has served as MP of Keiter since 2014.
“This is a tremendous honor to be chosen by my fellow partners for this position,” says Wallace. “For the past 40 years, Keiter has helped thousands of businesses achieve their financial objectives. I look forward to furthering that tradition and leading our firm for continued success.”
In his new role, Wallace will oversee Keiter’s strategic direction, providing leadership on firm matters. He will also continue serving as a partner in the firm’s tax practice. He will be actively involved in the firm’s marketing and business development opportunities and remain engaged in community development and support.
Prior to joining Keiter in 2010, Wallace was the CFO for The Riverstone Group and CCA Industries. He acquired significant public accounting experience, as tax partner with the Richmond, Va., office of KPMG. In his more than 20 years at KPMG, Wallace was tax advisor to publicly and privately held business clients and individuals, principally in the retailing, distribution, real estate and financial services sectors.
In addition to Wallace’s position, Keiter announces that Gracik Jr. will become a director with the firm. In this new role, he will provide clients with tax advisory and succession planning consulting.
Wallace continued, “Mike Gracik has been a great MP for our firm. He was instrumental in growing firm revenues by 50%, expanding our team, growing our client base, and building our reputation as ‘Opportunity Advisors’ to the Central Virginia business community. I am thrilled that he has chosen to serve as a Director within our firm and know that we all will continue to benefit from his expertise.”
Among Wallace’s priorities as MP will be a continuation and expansion of the firm’s support and commitment to the local Richmond, Virginia community. Keiter has consistently been recognized both locally and nationally for its charitable contributions to not-for-profit organizations and volunteerism.
“I am so proud of our team at Keiter,” says Wallace. “They are among the best accounting and financial advisors in the business. More importantly, they are a compassionate team that is dedicated to finding new opportunities to serve our local community. This year alone, they have provided more than 300 volunteer hours to local organizations.”