Accounting firm Citrin Cooperman has appointed longtime partner F. Wayne Holton CEO.

Co-founder Joel Cooperman will retain his role as managing partner, and will continue to guide the 30-year-old firm as it continues to expand into new markets. In his new role, Holton, 65, will take on many of the administrative duties previously overseen by Cooperman, allowing Cooperman to focus on general growth.

Holton (pictured) has more than 40 years of experience. Prior to joining the firm in 2000, he was managing partner of his own accounting firm, Holton Associates. Cooperman said the decision to bring on a CEO was prompted by the firm's growth from $18 million in billings in 2000 to over $80 million in 2008. The firm was ranked 31st on Accounting Today's 2008 list of the Top 100 Firms.

"We are well capitalized and have deep bench strength to compete in the marketplace, but the firm is at a point where more management is needed," Cooperman said in a statement. "Wayne is a strong leader and a proven businessman who is well-respected by the partnership. I'm looking forward to leaning on his expertise to help me guide the firm going forward."

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