Firm Reports Tremendous Income Growth in 2003 and 2004
(IRVINE, Calif., July 30, 2004) — Haskell & White LLP, one of the largest locally owned accounting and business consulting firms in Orange County, today announced the appointment of Wayne R. Pinnell, CPA to the position of Managing Partner.
Pinnell, who has been a partner at Irvine-based Haskell & White for the past eight years, succeeds Steven Haskell, CPA, co-founding partner and managing partner since the firm opened in 1988. Haskell will remain with the firm in the new role as Director of Special Operations.
“I am pleased to be able to pass the ‘managing partner baton’ to Wayne, who is an outstanding example of the caliber of experienced, accounting professionals at Haskell & White. Our firm has achieved tremendous success these past few years and Wayne is a significant part of the team responsible for this,” Haskell said. “We have been working on succession planning and this is an integral part of our plan moving forward.”
Haskell continued, “My own role at Haskell & White will become more strategic and specialized. I am looking forward to helping Wayne in the transition, spending more time with my “A” clients, and working directly on certain of the firm’s strategic initiatives.”
Pinnell said, “I am excited about assuming this role at one of the strongest points in our history. I am looking forward to working with our partners, and all of the Haskell & White employees, to continue to grow the size and stature of this firm within Orange County.”
Haskell & White, with approximately 60 employees including 25 licensed CPAs, just announced to its personnel the results of the recently completed fiscal year ended June 2004, for which the firm had record levels of revenues and profits. These results reflect significant increases in revenues and profits for each of the last two fiscal years.
Pinnell added, “I’d like to take this opportunity to publicly acknowledge the many excellent contributions Steve has made to Haskell & White, and to the community, from the inception of the firm. His vision has been largely responsible for our growth and, in his new strategic role, he will continue to be an extremely valuable asset to the firm and to our clients.”
Haskell & White focuses primarily on middle market private and public companies, with two primary industry niches: 1) real estate and 2) manufacturing, distribution and technology. The firm provides an exceptional value proposition for its clients — highly experienced professionals who perform audit, accounting, SEC and tax services at significantly lower rates than the Big 4 accounting firms.
One example of this was announced earlier this week by NetGuru, Inc. of Yorba Linda, which selected Haskell & White to replace the auditing services previously provided by a Big Four accounting firm. The decision to change to Haskell & White resulted from the firm’s ability to provide experienced professionals with a significantly lower fee structure.
“This is the niche we occupy extremely well – giving our clients seasoned professionals at lower cost because we are not burdened with the huge overhead of the major firms. Our significant revenue increases stem from this value proposition, along with increased business from our SEC practice related to Sarbanes-Oxley,” Pinnell explained.
Further information on Haskell & White can be found at the firm Website, www.www.hwcpa.com.
Emily Carlton/HKA, Inc.