CBM, a full-service accounting and advisory firm with offices in Bethesda, MD and Washington, DC elected Executive Vice President Patricia Drolet, CPA, PFS to become board chair effective January 1, 2019.
Drolet has served on the firm’s executive committee for four years with CBM President and Managing Partner Peter B. Reilly, CPA, CVA, Tax Practice Director Richard E. Morris, CPA, MST and Financial Planning Practice Director Debora E. May, CPA, CFP®, CDFA®. The addition of Drolet to chairwoman brings a new perspective to decision-making which will help determine the future direction of CBM.
Drolet has served as an executive vice president at CBM since the Washington, DC-based accounting and advisory firm she founded, Drolet & Associates, merged into CBM in 2014. She continues to serve as one of the firm’s experts in not-for-profit and professional services tax and accounting.
“I appreciate the confidence of the other leaders on CBM’s executive committee,” says Drolet. “This reflects the benefits of having new voices in a decision-making capacity and also of focusing on the strength of CBM’s diversity at the highest levels of our practice.”
Approximately 60 percent of CBM’s staff is female, 22 percent are minorities, and 50% percent of CBM’s leadership group are female.
“On the cusp of celebrating our 100th year anniversary the partners at CBM elected our first female chairman of the board of directors,” says Reilly, “I congratulate Pat on demonstrating outstanding leadership and providing pertinent insights. Personally, I look forward to assisting Pat in executing her vision and goals for CBM.”
As a firm recognized by the Washington Business Journal as a top 20 accounting firm in the Washington, DC metropolitan region, the industry will continue to look to CBM. I congratulate Pat as she takes on her new role and responsibilities.”
CBM continues to expand its footprint throughout the Washington, DC metropolitan region, having nearly doubled in size since 2014. In 2018, the firm merged in the practice of Chaconas & Wilson, a Washington, DC-based tax and advisory firm, and the investment management firm, May Barnhard Investments, thus expanding the services CBM offers in investment advisory and financial planning. CBM opened a new downtown Washington, DC office on December 1, 2018, to better serve the firm’s not-for-profit and professional services practices.