Withum Partner Pat Walsh will succeed Chief Executive Officer and Managing Partner Bill Hagaman after his term ends in 2023.
Walsh is a market leader for Withum’s National Tax Services Practice. His appointment was announced Jan. 14.
Withum has grown six times in revenue and expanded nationally since Hagaman took on his current role in January 2010. According to the firm, he redefined the company’sgrowth strategy by segmenting the client base into industry verticals to enhance its go-to-market strategy, therefore allowing the firm to branch out into non-traditional advisory services.
“It is certainly bittersweet to begin planning the transition to my next professional stage. When I joined Withum in 1980, I expected to stay five years as part of my own professional development plan and then move on elsewhere,” Hagaman said. “What I discovered was I found a second home and family and remained here for 43 years. Withum is a part of my DNA. However, we must make room for the future generation of leaders, and I am confident my successor has all of the skills required to keep Withum moving forward as a major firm in our great profession.”
Walsh has more than three decades of public accounting experience, specializing in corporate taxation, income tax accounting, international taxation, and tax structuring. Prior to joining Withum, Walsh was a managing member of his own firm, Walsh & Borresen, which joined Withum in March 2014. He’s since been a member of Withum’s management.
“I’m honored to have the opportunity to follow Bill to serve as the next managing partner of Withum. I look forward to working with Bill over the next year to ensure a seamless transition,” Walsh said. “The success and growth we’ve achieved are a testament to the team members and leadership of our firm. Withum is and continues to be a platform for entrepreneurs that provides growth and opportunities for our people, our clients and our communities.”
Hagaman will continue to lead the firm throughout 2022. Walsh will step into the role on Jan. 1, 2023.