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TechnographUI alumna named as accounting firm's first female CEO
By Marie Wilson
Posted: 4/9/08 Section: News
When accounting firm Clifton Gunderson announced its new chief executive officer Thursday, the company did more than just choose a new leader.
The announcement made Krista McMasters, University alumna, the first female CEO among the nation's top 25 accounting firms.
The company's board voted unanimously to promote her to the position.
McMasters graduated in the class of 1978 with a bachelor's degree in accountancy and got a job as an associate accountant for Clifton Gunderson.
During 30 years with the company, she worked her way up to become partner in the accounting firm, director of assurance services and chief practice officer.
"There's great opportunity for women in business and public accounting specifically," McMasters said.
"I certainly hope that this gives the message that public accounting firms are very open to the development of all people, male or female."
McMasters said she hopes women with business aspirations will see her accomplishments as an example they can strive to follow.
Margie Mathewson, junior in Engineering and president of the National Organization for Women, said she looks to McMasters, whose position will create new opportunities for women in business, as a role model.
"I feel like this is a great thing, but it's been a long time coming," Mathewson said.
"It's kind of sad that it's 2008 and it's the first time there's a female CEO in one of these companies."
Women sometimes struggle to reach leadership positions in the career world, said Pat Morey, director of the University Office of Women's Programs.
"For a woman to rise up through the ranks is not an easy task," Morey said.
"I'm sure you've heard of the glass ceiling, and I think it's still a reality for many women."
When McMasters attended the University during the 1970s, she said women were a minority in the accountancy program.
However, for this academic year, 45 percent of undergraduate accountancy majors are female and 50 percent of graduate students in the master's of accounting science program are female, said Ira Solomon, head of the department of accountancy.
The announcement made Krista McMasters, University alumna, the first female CEO among the nation's top 25 accounting firms.
The company's board voted unanimously to promote her to the position.
McMasters graduated in the class of 1978 with a bachelor's degree in accountancy and got a job as an associate accountant for Clifton Gunderson.
During 30 years with the company, she worked her way up to become partner in the accounting firm, director of assurance services and chief practice officer.
"There's great opportunity for women in business and public accounting specifically," McMasters said.
"I certainly hope that this gives the message that public accounting firms are very open to the development of all people, male or female."
McMasters said she hopes women with business aspirations will see her accomplishments as an example they can strive to follow.
Margie Mathewson, junior in Engineering and president of the National Organization for Women, said she looks to McMasters, whose position will create new opportunities for women in business, as a role model.
"I feel like this is a great thing, but it's been a long time coming," Mathewson said.
"It's kind of sad that it's 2008 and it's the first time there's a female CEO in one of these companies."
Women sometimes struggle to reach leadership positions in the career world, said Pat Morey, director of the University Office of Women's Programs.
"For a woman to rise up through the ranks is not an easy task," Morey said.
"I'm sure you've heard of the glass ceiling, and I think it's still a reality for many women."
When McMasters attended the University during the 1970s, she said women were a minority in the accountancy program.
However, for this academic year, 45 percent of undergraduate accountancy majors are female and 50 percent of graduate students in the master's of accounting science program are female, said Ira Solomon, head of the department of accountancy.
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Viewing Comments 1 - 4 of 5
Dough Boy
posted 4/09/08 @ 9:41 AM CST
Dear Ms. McMasters,
Above it was stated, "When McMasters attended the University during the 1970s, she said women were a minority in the accountancy program. (Continued…)
Tyrone the Rapist
posted 4/09/08 @ 12:39 PM CST
It's funny how Dough Boy claims to be an adult who graduate from the university almost 30 years ago but still finds the time to post on the DI website almost EVERYDAY. (Continued…)
Dough Boy
posted 4/09/08 @ 2:01 PM CST
Hey Dopey Mitch and Tyrone the Rapist,
Point out exactly one fact from my comments that is incorrect, just one. Right.
You two deadbeats must have nothing going on as well or maybe you just sit around performing mental masturbation all day, I don't know. (Continued…)
anonymous
posted 4/09/08 @ 7:40 PM CST
Tyrone the ------
Nice name by the way. "Or are you just another dumb farmer who sits at home waiting for subsidies?"
This is insulting to every hardworking farmer. (Continued…)
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