PracticeConsultingStoy Hayward chief quits early

Stoy Hayward chief quits early

BDO Stoy Hayward has today announced the retirement of Simon Bevan as managing partner of its South East firm only 18 months into a three year term.

Bevan stood down on August 30 ahead of an election that took place on Monday. The firm denied allegations that the election was called at short notice and refused to comment on whether it was contested by more than one partner.

His successor was elected on Monday via ‘normal procedure’ where all partners got a vote, according to the firm. ‘There was no mystery to it at all,’ said a firm spokeswoman.

She added she was not in a position to give AccountancyAge.com the name of the successor until Friday, when ‘a big announcement’ would be made.

Bevan said he was retiring for personal reasons: ‘I miss client work and it became clear to me, given my personal and my family’s aspirations, it would be better for the firm and myself to recognise that now so a new leader can take the firm forward from here.’

His retirement comes as the firm begins to implement a new business strategy. The current management team all remain in place and Bevan will continue working for the firm.

Commenting on the appointment, senior partner Chris Swinson said: ‘During Simon’s management, BDO Stoy Hayward has improved the quality of its partnership. I believe and hope that he will remain a partner for many, many years.’

Links

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