CohnReznick LLP has appointed outgoing co-CEO Ken Baggett as the firm’s first chairman of the board and elected Kevin Clancy, Risa Lavine and Ira Weinstein as members of the executive board.

Baggett will become chairman on Oct. 1, 2015, when he and Tom Marino step down as co-CEOs. The firm announced last month that Frank Longobardi will become CohnReznick’s new CEO at that time (see CohnReznick Names CEO-Elect).

Baggett has served as co-CEO of CohnReznick for three years, since the firm emerged from the combination of J.H. Cohn and Reznick Group in 2012. Prior to that, he served as managing principal of Reznick Group, a top 20 firm, for 10 years.

In addition to his new chairman duties, Baggett is expected to become much more active in the CohnReznick’s Affordable Housing Practice. He has extensive experience in providing structuring advice to developers, builders, syndicators, investment banks, corporate investors, and housing finance agencies. In addition, Baggett will be actively involved in Nexia International, the firm’s international network, focusing on building relationships and issues of critical importance to clients’ global interests. Finally, he will be working with his long-standing network of professional contacts to further the firm’s M&A pursuits in strategic markets.

One of the new members of the executive board, Clancy, is a partner and national director of CohnReznick Advisory Group’s Restructuring and, Litigation Advisory Practices. In this role, he provides financial advisory and litigation support services specializing in the areas of bankruptcy, debt restructuring, and investigative and forensic accounting. He is also office managing partner of the firm’s Edison, N.J., office. Clancy was previously a member of J.H. Cohn’s Management Committee prior to the formation of CohnReznick.

Lavine is a principal and chief of staff based in CohnReznick’s Bethesda, Md., office. She helps to lead the firm’s women’s initiatives, WomenCAN and Executive Women’s Forum. 

Weinstein is the co-managing principal of CohnReznick’s Baltimore office and co-leader of the firm’s New Markets Tax Credits Practice. He focuses on transaction advisory and finance services for projects utilizing the New Markets Tax Credit, historic rehabilitation tax credit, investment tax credit, production tax credit and low-income housing tax credit.

CohnReznick also recently named principal Margaret Shanley as the firm’s new Transaction and Advisory Services Practice Leader and principal Jeremy Swan as the Private Equity and Venture Capital Industry Practice Leader with additional responsibility for leading the M&A Consulting Services Practice.

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