Portland, Maine-based IPA 100 firm Baker Newman Noyes (FY23 net revenue of $62.2 million) has announced that the firm will adopt a new leadership structure, effective Jan. 1, 2025.
This decision follows the firm’s announcement in June that MP Dayton Benway, who has served in the role since 2019, would retire at the end of this year.
Starting in January 2025, BNN will be led by a board of directors responsible for overall vision and strategy. Current tax principal and director of tax services Andrew Smith will serve as chairperson of the board and be responsible for facilitating board leadership, as well as internal and external firm communications. Day-to-day management of firm business will be led through the creation of the new role of president, with current CFO and Chief Risk Officer Darren Hurlburt appointed to this role. The managing principal role will be fully retired from BNN’s leadership structure.
“I have tremendous confidence in the board to lead the firm with support from Andy and Darren in these new roles,” Benway said. “During my six years as managing principal, our strong team of professionals has grown strategically, learned how to work differently, and developed new and innovative ways to provide value and build trust with each other, our clients and our communities. This transition represents a continued alignment with where our firm is today and how we can best support the BNN of tomorrow.”
