BDO has re-elected Paul Eagland as managing partner for the firm.
His second four-year term will now commence on 1 October 2020. During his first term as managing partner, Eagland oversaw the group’s successful merger with Moore Stephens LLP, which created the UK’s “largest accountancy firm focused on mid-sized entrepreneurially-spirited businesses”.
Following the completed merger in February 2019, the firm increased revenues by 25% to £578m, driving organic growth of 15%.
Under his tenure, BDO’s FTSE 250 audit client base has risen to 17, having trebled in the last year. The group has also “cemented its market position” as a leading auditor to AIM-listed companies.
Eagland has worked for BDO for the last 33 years, and has been a member of its leadership team since 2008. Prior to assuming the role of managing partner in October 2016, he held senior positions including head of tax, head of audit, and head of professional services.
Senior partner, Matthew White, said: “During this global public health and economic emergency, we need strong, thoughtful and purpose-driven leaders to guide us.
“As a partnership, we agree on this, and we also agree that Paul Eagland is the right person to lead our firm for the next four years.”
He added: “In particular, his innovative thinking and collaborative management style has just led the firm through a landmark year, with the Moore Stephens merger boosting sustained organic growth to create the UK’s largest accountancy challenger firm.”
Eagland said: “During the global outbreak of COVID-19, my immediate priority is to lead the business through the public health crisis to protect what we have achieved and to prepare us for the future.
“We entered this economic crisis with exceptional people, a strong culture, and an impressive record of helping our clients to succeed.”
He added: “As the economy enters an extraordinarily challenging and uncertain time, we will pull on all the talents of BDO’s workforce to support our clients and to champion the mid-market, which we’re confident will remain the economic engine of the UK.
“Across all of our service lines, my guiding principle is to continue to ‘get things right’ for our clients and for our people, while working closely alongside BDO’s $9.6bn (£8bn) global network.”