New York (July 14, 2003) -- National accounting firm consolidator American Express Tax & Business Services has realigned its senior management reporting structure by compressing several existing offices into a pair of new operating regions, and has also formed an executive committee.

The company, ranked No. 8 on Accounting Today’s 2003 Top 100 firms list, has tapped Mendy Nudelman to head the newly formed Central Region, which will consist of a trio of TBS sub-regions -- Illinois, California and Arizona.

Similarly, AmEx TBS named senior managing director David Sibits to oversee the new Eastern Region. The Eastern territory will consist of Ohio, Massachusetts and the current Satellite region -- a handful of smaller tax offices.

Gerry Golub will continue to head the New York Region and will also be responsible for TBS’ technology partnership with Germany-based SAP, a co-marketing effort for a U.S. edition of SAP’s Business One — management software for the ballooning small-to-midsized business segment.

“It’s just a more efficient and effective way of leadership,” Golub told WebCPA about the realignment.

Golub also will become a member of the TBS executive committee, a nine-member group that is initially scheduled to meet on a bi-weekly basis.

Alfred Whiteman will continue as head of the Maryland Region and will also spearhead several other TBS initiatives including restructuring compensation at the managing director level.

Barry Siegel and Richard Feldstein will continue as heads of the Provident Region and now will also take on the responsibility of building the company’s High Net Worth National Practice.

Additional executive committee members include: TBS president and chief executive Tom Meador, Whiteman, Sibits, Nudelman and Siegel, vice president of finance Alrick Davis, Jay Brandzel, chief operating officer of the Chicago region, and house counsel Peter Fontaine.

In an internal memo, Meador, said, “The consolidation of our offices will accelerate our efforts into building TBS national practices.” Meador also indicated that he plans to conduct several “town hall” type meetings over the next several months to discuss the changes.

-- Bill Carlino

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