Monroe Shine Celebrates 100 Years Appoints Phillip D Beaman CPA President CEO
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Monroe Shine Celebrates 100 Years of Excellence and Appoints Phillip D. Beaman
As New President and CEO
NEW ALBANY, Ind. and LOUISVILLE, Ky. (March 19, 2025) – Monroe Shine, a trusted public accounting and business consulting firm since 1925, proudly marks its 100th anniversary this year. Since its founding in New Albany, Indiana, Monroe Shine has remained committed to serving private businesses, their owners, and not-for-profit entities through its mission to help every client achieve the highest level of success possible. The firm’s offices have been in downtown New Albany since 1925 and in east-end Louisville since 1978. Monroe Shine consists of six shareholders, 24 CPAs, and 51 staff members, all working together to provide clients across the region with the information and insights needed to grow their businesses, plan for the future, and ensure financial stability.
Monroe Shine also announces the appointment of Phillip D. Beaman, CPA, as the firm’s new President and CEO. Beaman takes over this leadership role from outgoing President and CEO, S. Butch Shaw, CPA, who remains with the firm as a shareholder, where he continues to work with a variety of business clients, individuals, and not-for-profit organizations.
“Reaching 100 years is an incredible milestone that speaks to our commitment to our clients, our people, and our community,” said Phillip Beaman, newly appointed President & CEO of Monroe Shine. “Our firm has built a legacy of trust, excellence, and service spanning generations, and I am honored to step into this leadership role at such an exciting time in our firm’s history. I want to recognize and thank Butch for his leadership and dedication as President & CEO. His impact on Monroe Shine has been immeasurable, and I look forward to continuing to work alongside him as he remains a valued shareholder and integral part of our firm. We will continue to build on our strong foundation of client service and community involvement, with even more exciting announcements coming later this year.”
Phillip Beaman has been a shareholder at Monroe Shine since 2009 and previously served as the Director of Tax and Estate Planning. With over 25 years in the accounting profession, he has been instrumental in guiding clients through complex financial landscapes. Beaman, a Certified Public Accountant (CPA), holds a Bachelor of Science in Accounting from the University of Kentucky. He is also deeply involved in the community, earning recognition for his service, including One Southern Indiana’s “Chairman of the Year” award in 2008, as well as the Monroe Shine Public Service Award in 2001.
“It’s always been about serving our clients with integrity, teamwork, and personal attention,” said Beaman. “Many of our clients have remained with Monroe Shine for generations, which is a testament to our value system, which is built on the idea of “The Firm Concept.” We believe our greatest strength comes from this idea that clients do not belong to any one person but to the firm. Working as a team ensures all clients are served in the best way possible. We believe it is very important to develop a lasting relationship with our clients and strive to exceed their expectations at every turn.”
Commitment To the Community
Monroe Shine remains deeply committed to Southern Indiana and Louisville, Kentucky communities. Team members are encouraged to actively participate in charitable organizations, serve on boards, and volunteer their time. The firm has also been a longtime supporter of numerous charitable initiatives. As Monroe Shine celebrates its centennial, it remains dedicated to upholding its legacy of community involvement while embracing innovation and growth.
Monroe Shine 100-Year History
Since its founding in 1925, Monroe Shine has evolved from a one-person accounting practice into one of the most respected independent certified public accounting firms in Southern Indiana and Louisville, Kentucky. The firm began in 1925 when William P. Stein established his accounting practice in New Albany. In 1937, Louisville CPA firm Brown and Imhof acquired Stien’s practice, eventually leading to the formation of Brown and Monroe in 1950. The firm officially became Monroe Shine in 1963 when V.G. Monroe and J.R. Shine started their own practice in downtown New Albany.
With rapid growth, Monroe Shine expanded into Louisville in 1978 and later expanded its New Albany office in 1999. Today, Monroe Shine stands as a premier accounting firm, offering a full range of financial services while maintaining its client-first approach.
In the months ahead, Monroe Shine will announce some exciting developments regarding its 100th anniversary to commemorate this milestone, honor the past, and look ahead to the future while deepening their community impact.
For more information about Monroe Shine, visit monroeshine.com.
About Monroe Shine
Monroe Shine is a certified public accounting and business consulting firm located in Southern Indiana and Louisville, Kentucky. Since its founding in 1925, the firm has built a reputation for excellence, integrity, and personalized client service. With a century of experience, Monroe Shine continues to provide comprehensive financial solutions, ensuring long-term success for its clients and communities.
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