26 SEP 2024 / PEOPLE UPDATES

DMJPS Announces Leadership Transition: Drew Haddock Appointed Co-CEO

- MYCPE ONE Insights Team

Summary

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North Carolina-based accounting firm DMJPS has announced the appointment of Drew Haddock as co-CEO, working alongside current CEO Mike Gillis. Haddock will assume sole CEO duties after one year while Gillis will become a partner focusing on strategic planning and growth for the firm; this leadership transition aims to maintain the firm's excellence in client service and commitment to core values.

September 16, 2024 – Greensboro, N.C.-based DMJPS, a prominent IPA 200 firm with FY23 net revenue of $31.6 million, has appointed Drew Haddock as co-CEO alongside Mike Gillis, effective November 1, 2024. This leadership change marks a significant transition for the firm, ensuring its dedication to excellence in client service and commitment to its core values: people, clients, and communities.

After 26 years of leadership by Gillis, this planned succession highlights DMJPS’s commitment to continuity and innovation. Haddock will serve as co-CEO for one year, after which he will take on the role of CEO, while Gillis will continue to serve as a partner, focusing on the firm’s strategic planning and growth initiatives.

Commitment to Client Service and Core Values

Haddock expressed his enthusiasm for the new role, stating, “Assuming the CEO role at such a pivotal time in our company’s history is a privilege and a responsibility that I do not take lightly. We are excited to build upon our strong foundation and drive future growth, innovation, and success for DMJPS and our valued clients.” He emphasized that the firm’s specialized knowledge will guide a proactive and thoughtful approach to its future, reinforcing their motto to "Be Greater."

Profiles of the New Leaders:

Drew Haddock, CPA

Haddock, an experienced partner at DMJPS, specializes in tax planning and compliance for privately held businesses across diverse sectors, including retail, manufacturing, and real estate. He holds a Bachelor of Science in Accounting from North Carolina State University and a Master of Science in Accounting from East Carolina University. His expertise includes:

- Tax Planning and Compliance: Extensive experience with corporate, partnership, and individual tax matters, including multi-state compliance.

- Advisory Services: Provides guidance on complex transactions, such as mergers and acquisitions, Section 1031 exchanges, and opportunity zone incentives.

- Professional Engagement: Actively involved in the professional community, serving as Treasurer on the Sanford Area Growth Alliance’s Board and the State Employees’ Credit Union Local Advisory Board.

Mike Gillis, CPA, PFS, CGMA

With over three decades in firm leadership roles, Gillis has served as Managing Partner and CEO since 1992. He will continue his active role as a partner, focusing on operations and client development. His extensive background includes:

- Taxation Expertise: Specializing in corporate and individual tax returns, planning, and litigation support.

- Advisory Services: Involvement in estate and succession planning, including industry-specific advisory services.

- Financial Planning: Recognized as a Personal Financial Specialist by the AICPA, merging tax expertise with comprehensive financial planning knowledge.

Celebrating 75 Years of Excellence

The leadership transition aligns with DMJPS’s 75th-anniversary celebration, reinforcing the firm’s well-defined succession plan. This year, DMJPS has received notable accolades, including being named a Family Forward NC Certified Employer, a Best of Accounting Award by ClearlyRated, and a Best Employer by Business North Carolina.

As DMJPS enters this new chapter, the firm remains committed to its mission of providing exceptional service and fostering a collaborative environment that benefits clients and employees alike.

Until next time…

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DMJPS Announces Leadership Transition: Drew Haddock Appointed Co-CEO

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