Stephano Slack announced the hiring of William S. Covert as chief financial officer. Covert will be based in the firm’s Wayne, PA headquarters.

In this newly created position, Covert is responsible for overseeing all aspects of the accounting and financial functions of the firm, as well as leading and managing M&A strategies and corporate finance activities, and maintaining relationships with various external entities including vendors.

“We are pleased to welcome Bill to the management team,” said Michael J. Stephano, managing partner. “His broad range of public accounting, compliance, operations and business development experience make him a good fit. I feel confident his vision and knowledge will contribute to Stephano Slack’s continued growth.”

Covert held financial executive positions with Siana Carr O’Connor & Lynam, where he served as a tax consultant and personal financial planner; Eagle Energy Systems, where he served as chief financial officer; and Davidson Trust where he held the concurrent executive positions of chief financial officer and chief compliance officer.

Stephano Slack, an accounting and consulting firm with offices in suburban Philadelphia and Wilmington, provides a range of attest, assurance, tax, business advisory and valuation services.