by Bill Carlino
Bloomington, Minn. - Tom Rotherham, president and chief executive at tax and consulting firm RSM McGladrey, and one of the architects of the 1999 McGladrey & Pullen merger with H&R Block, announced his departure from the firm, based here, effective August 1. A successor has not been named.
“I think Tom just felt that after, 32 years, it was time to try something else,” said noted consultant Allan Koltin, of Chicago-based PDI Global Inc.
Rotherham joined McGladrey & Pullen in 1970 and, six years later, was named partner. He rose to managing partner before the 1999 merger.
Due to regulatory requirements, McGladrey & Pullen was kept as a separate entity providing audit, attest, and certain tax-compliance services.
The combined RSM and McGladrey & Pullen ranked No. 6 on Accounting Today’s 2003 Top 100 Firms list with revenues of $585 million.
“His mark is seen on everything,” said Steve Tait, president of RSM McGladrey Business Services, “from the deal with H&R Block ... to the stronger RSM International board that he rejuvenated.”
