Top 100 Firm The Bonadio Group announced the implementation of a succession plan that will see founder Thomas Bonadio handing over the CEO role in three years.
“Our firm has always done extensive long-term planning,” Bonadio said in a statement. “We are now planning for succession that will happen in 2019.”
The firm’s partners have elected Bruce Zicari to become CEO on May 1, 2019; he was named managing partner of the Rochester office on May 1 of this year, and will continue to be mentored by Bonadio over the next three years.
As Rochester MP, Zicari will work with the firm’s chief operating officer, Robert Enright, to oversee the administration and operation of the firm’s headquarters. He will also continue to lead the firm’s small business advisory practice state-wide.
“Bruce Zicari is the perfect individual to succeed me as our next CEO,” Bonadio said in a statement. “He will have more than 25 years with the firm when he assumes that role, but he still will be young enough to continue in that position for another 15 to 20 years. His skill set and knowledge of how we operate will make him an outstanding leader for The Bonadio Group for many years into the future.”
Also as part of the succession plan, Mario Urso become chairman of the firm’s Board of Directors on May 1. He will also continue to co-lead the healthcare/tax-exempt practice.
“When I started this firm in 1978 at my kitchen table, I never imagined the milestones that we would exceed, the growth we would experience, and the individuals who would make this business a family,” said Bonadio. “While I have no plans to retire, it’s time to implement our plan for the succession of our firm’s leadership. It’s a plan that has been meticulously designed to keep the company on track with our overall strategic plan, and will work as a seamless transition over the next three years.”
The Bonadio Group serves more than 17,000 clients nationally and internationally, with more than 700 employees across New York State. The firm ranked No. 38 on Accounting Today’s 2016 Top 100 Firms list, with revenues of $102 million.
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