Seattle (Nov. 11, 2003) -- Regional powerhouse Moss Adams said long-time chairman and chief executive Bob Bunting will step down as CEO and firm veteran Rick Anderson has been elected as his successor.

The change will become effective July 1.

“This has actually been in the works for some time,” Bunting told WebCPA about the change. “I’ll remain as a partner for about three more years and still have some of the profit centers reporting to me although not as many as in the past. But we’ll do much of the transitioning prior to July.”

Bunting, 58, is currently vice chairman of the American Institute of CPAs and said in addition to his Moss Adams duties, he’ll do a lot of speaking at various association conferences and partner retreats.

After four years with Price Waterhouse, Bunting joined Moss Adams in 1972 and was elected president of the firm in 1981.

Anderson has been with Moss Adams since 1973 and currently serves as president and chief operations officer. He will be succeeded in those capacities by Chris Schmidt, managing partner for Moss Adams’ Orange County, Calif., office.

In a statement, Anderson said, “Moss Adams is well-positioned in the industry and has seen tremendous growth and opportunity during Bob’s tenure. We are going to continue to move in the direction that Bob has taken us, expanding in our key industry sectors and strategic markets.”

Moss Adams ranked No. 14 on Accounting Today’s 2003 Top 100 Firms list with annual revenues of $174.5 million.

-- Bill Carlino

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