In a major C-suite shakeup, Chicago-based IPA 100 firm Baker Tilly (FY22 net revenue of $1.31 billion) has named regional MP Jeff Ferro as interim CEO and MP Jeffrey DeYoung as chairman of the board of partners to replace Alan Whitman, who has resigned as CEO and chairman of the board, effective immediately.
Ferro has 35 years of experience in the profession. He currently leads Baker Tilly’s eastern and central regions and has guided several successful acquisitions by the firm.
“I understand this news is unexpected,” DeYoung noted in a memo to staff. “Alan’s impact on our organization and our lives is undeniable. In his seven years as CEO, he has moved Baker Tilly forward on many fronts, from guiding us through the pandemic to catapulting us into one of the fastest-growing advisory CPA firms in the U.S. In the midst of this significant period of growth, Jeff Ferro brings experienced leadership and a strong track record of operational excellence. Jeff, along with our entire Baker Tilly team, are focused on our mission to enhance and protect our clients’ value.”
“As my two-decade career with Baker Tilly comes to an end, it has been an absolute privilege and honor to serve as CEO for the past seven years,” Whitman added in a news release. “I am proud of our organization’s resolve to reimagine the workplace and uphold our purpose to unleash and amplify talent. I am confident in the leadership of Jeff Ferro and Jeffrey DeYoung and know that along with the abundant talent at Baker Tilly, the firm’s future is bright.”