Susan Malone Elected Managing Partner of Hood & Strong

SUSAN MALONE ELECTED MANAGING PARTNER OF HOOD & STRONG
First woman and eighth managing partner in firm’s 101-year history

San Francisco, May 31, 2018: Hood & Strong LLP has announced that Susan N. Malone has been elected managing partner, effective June 1, 2018. She succeeds Robert J. Raffo, who has served in the role for more than 10 years. Malone will be the eighth managing partner in the firm’s 101-year history, and the first woman to hold the position.

“As the firm enters its second century, this transition demonstrates the partners’ commitment to the ongoing success and vitality of Hood & Strong,” Raffo said. “Susan has a clear vision for the future of the firm, and has played an integral role in shaping the culture of Hood & Strong.”

Malone has been with Hood & Strong for more than 25 years and works with a broad array of clients across many industries, including higher education, arts and culture, manufacturing, and philanthropy. “This appointment marks the beginning of an exciting new chapter for the firm, and a continued statement to Hood & Strong’s clients and staff of its commitment to gender equity and leadership nationally in promoting women into senior ranks,” Raffo added.

On average, partnership in accounting firms is overwhelmingly male. According to a 2017 CPA Firm Gender Study issued by the American Institute of Certified Public Accountants, of the firms surveyed, less than one-quarter of the partnership ranks were made up of women. With women comprising nearly half of its partners and directors, and 60 percent of its employees, Hood & Strong has one of the narrowest gender gaps in the industry. The firm’s business philosophy emphasizes its commitment to diversity, including a workplace culture that enables women to advance their careers in accounting by providing options for flexible schedules and telecommuting.

“I am honored to become managing partner,” Malone said. “I am committed to building on the firm’s 100-year legacy by continuing our commitment to excellent client service, giving back to our communities, and supporting and developing the next generation of firm leaders.”

As part of the firm’s succession plan and as prescribed in the firm’s partnership agreement, Raffo, who has been with the firm more than 40 years, will return to a partner role, while continuing to serve on the board.

With offices in San Francisco, San Jose, San Mateo and Petaluma, Hood & Strong has a team of 19 partners and directors and more than 100 staff. More than 600 start-ups, established businesses, not-for-profit organizations, and individuals make up its client roster. The firm is a part of the RSM US Alliance, the premier association of independently owned, mid-to-large sized public accounting firms.

About Hood & Strong LLP

Hood & Strong LLP was founded in 1917 and is one of Northern California’s oldest, largest and most respected public accounting firms, providing audit, business advisory, tax, and information technology services to individuals, nonprofit organizations and privately held businesses. Hood & Strong maintains offices in San Francisco, San Jose, Petaluma, and San Mateo, but serves clients across the Bay Area, throughout the U.S. and around the globe. www.hoodstrong.com/