After four years on the job, Susan Waters has resigned as chief executive of the California CPA Society.

No reason was given for Waters' departure. Waters did not return calls for comment. CalCPA executives had no comment beyond the contents of an internal e-mail, which read, "Susan Waters is resigning her position as CalCPA CEO effective Nov. 4. In leaving, she notes that when she joined CalCPA, the search committee had provided her with the following goals: to bring financial stability to the organization, create a culture of member service, and increase trust in the organization; noting that she had accomplished these goals, she announced that it is time for her to move on. We wish her the best."

The e-mail contiued, "We look forward to finding a new CEO as soon as possible, but the board's primary goal is to find the right individual to lead the California Society of CPAs into the future. During the transition period, the board and council will reflect on CalCPA's strategic priorities and direction, while staying focused on the organization's mission to increase the value and promote the integrity of the CPA profession, while contributing to the success of our members."

An e-mail to CalCPA Council members from CalCPA chair Paul Regan said that Waters will be working on completing her Ph.D.

"As a council member, I got no heads-up on it," CalCPA Council member Mitchell Freedman told WebCPA. "I sent an e-mail to Susan telling her that CalCPA was a better organization today than it was at the time she joined it, and wished her luck. She replied back that she was proud of her accomplishments."

Waters joined CalCPA in July of 2000. Prior to that, she was executive director of the Massachusetts Bar Association.

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