Novogradac & Company LLP Partners Diane Rubin and Robert Thesman Announce Retirement

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Two Will Continue to Provide Expertise as Consultants.

San Francisco-based accounting and consulting firm Novogradac & Company LLP announces that two esteemed partners, Diane Rubin and Robert Thesman, have retired effective Jan. 1, 2013. Despite their official retirements, both will to continue to provide their valuable insights and expertise to the firm and its clients as consultants. In addition, over the past year, the firm, which specializes in the affordable housing, community development and renewable energy tax credit industries, prepared for the anticipated departure of these two key individuals to ensure a smooth transition for the firm’s clients and professionals.

“Diane and Rob both contributed experience and expertise to the firm’s success and I could not be happier to have had the opportunity to work with both of them,” said managing partner Michael Novogradac. “I wish them well in their retirement, and am pleased by the opportunity to continue working with them in a consulting capacity. Our success has been determined by our ability to exceed our clients’ expectations and the ease with which the firm handled this transition is indicative of the staff’s dedication and initiative.”

Diane Rubin was a partner in the San Francisco, Calif. office of Novogradac & Company LLP. Prior to joining Novogradac & Company, Ms. Rubin owned her own diversified auditing, accounting and tax practice, which merged with Novogradac & Company LLP in 1996. Prior to that, she was an audit manager with Price Waterhouse in New York and San Francisco, where she specialized in insurance and leasing companies, computer companies, real estate firms, banks and brokerage firms. She was a member of the board of the National Association of State Boards of Accountancy (NASBA) from 1998 to 2007 and served as chairwoman in 2005-2006. Ms. Rubin, who was named by Accounting Today as one of the country’s Top 100 Most Influential People in Accounting in 2006 and by NPA Magazine as one of 2006’s Top 100 Most Influential Practitioners, was a member of the Auditing Standards Board from 2004 to 2007 and served as a member of the California Board of Accountancy from 1993 to 2000, including a term as the board's president. She is a frequent speaker at conferences, universities and organizations throughout the country and was recently appointed by the board of trustees of the Financial Accounting Foundation (FAF) to the Private Company Council (PCC). Ms. Rubin received a bachelor’s degree and an MBA with a concentration in accounting from the University of Washington. She is licensed in California and New York as a certified public accountant.

Robert Thesman was a partner in the San Francisco, Calif. office of Novogradac & Company LLP. Prior to joining Novogradac & Company LLP in 1994, Mr. Thesman was a senior tax manager with a large local accounting firm in Seattle, where he was in charge of the tax department and served clients in the construction, distribution and service industries. Prior to that, Mr. Thesman was a senior tax manager with an international accounting firm in San Francisco and Seattle, where he spent 11 years serving clients in the real estate, retail, software and manufacturing industries. In addition to being the technical editor of the Low-Income Housing Tax Credit Handbook and the low-income housing tax credit content in the monthly Novogradac Journal of Tax Credits, Mr. Thesman was the chairman of the firm’s annual Affordable Housing Tax Credit Conference in San Francisco and will remain a frequent speaker on historic tax credit and affordable housing issues. He received a degree in business administration with a concentration in accounting from the University of Washington and attended graduate school at Golden Gate University in San Francisco, Calif. Mr. Thesman is licensed in California and Washington as a certified public accountant.

Novogradac & Company LLP was founded in 1989, and has since grown to more than 400 employees and partners in offices in San Francisco and Long Beach, Calif.; the Washington, D.C., Atlanta, Ga., Detroit, Mich., Kansas City, Mo. and Seattle, Wash. metro areas; St. Louis, Mo.; Boston, Mass.; Austin, Texas; Dover, Columbus and Cleveland, Ohio; New York, N.Y.; and Portland, Ore. Specialty practice areas include tax, audit and consulting services for tax-credit-assisted multifamily and affordable housing, community revitalization and rehabilitation of historic properties. Other areas of expertise include military base redevelopment, preparation and analysis of market studies and appraisals of multifamily housing investments and renewable energy tax credits.

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Michael J. Novogradac, CPA
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