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Executive Advisory Board (EAB) Nominee Profiles

Filotimo Capital Consultants, Inc.
Salt Lake City, Utah
BIO/Profile: Peter Agrapides is the founder, and managing director, of Filotimo Capital Consultants, Inc., which is a full-service business valuation and financial advisory firm. Mr. Agrapides’ practice focuses on valuations for federal tax reporting (income, estate, and gift), and transactional advisory-related valuation services. Mr. Agrapides provides valuation services to a nationwide clientele of high net worth and ultra-high net worth clients. Mr. Agrapides is often called upon to provide valuation opinions related to hard-to-value/non-traditional assets (e.g., loan guaranties, split-dollar life insurance policies, carried-interests, etc.), which must be reported on an income, gift, or estate tax return.
Mr. Agrapides has been extensively involved with the National Association of Certified Valuators and Analysts® (NACVA®). He sat on NACVA’s Valuation Credentialing Board from 2010 through 2013, and is currently a member of NACVA’s Legislative Action Committee (LAC). Along with the other members of the LAC, Mr. Agrapides assisted in the drafting of the Comments of the National Association of Certified Valuators and Analysts Regarding Proposed Treasury Regulation (Sec. 2704) (2016), then, on December 1, 2016, he provided oral testimony before the Department of Treasury/Internal Revenue Service, regarding the proposed IRC Sec. 2704.
Mr. Agrapides was a member of the Current Update in Valuations instructor team from 2010 through 2016, and is currently a member of the Business Valuation Certification and Training Center instructor team. Mr. Agrapides has also been the lead instructor for the Family Limited Partnership Valuation Workshop since 2013, as well as an adjunct professor of business valuation at the University of Utah/Eccles Business School, teaching courses at the graduate level.
Mr. Agrapides was named an Emerging Leader in the valuation industry by NACVA in 2011, and was named to the inaugural 40 Under Forty in the valuation industry by NACVA. Mr. Agrapides received NACVA’s prestigious Instructor of Great Distinction in 2010, 2011, 2015, and 2016, and received the Instructor of Exceptional Distinction in 2012, 2013 and 2014. Mr. Agrapides was named as the Outstanding Member by NACVA in November 2010.
Mr. Agrapides has extensive knowledge of judicial case law, as it relates to valuation-related matters. He produced a regular column, titled Case Law Corner, which was published in NACVA’s The Value Examiner®. Mr. Agrapides is often called upon to provide updates, as well as critical analysis, of late-breaking and noteworthy business valuation cases, oftentimes speaking at NACVA and the CTI’s Annual Consultants’ Conference, and various estate planning councils.
Mr. Agrapides has been a member of NACVA since 2005, the Salt Lake Estate Planning Council, as well as the Southern Nevada Estate Planning Council. Mr. Agrapides received his bachelor of science in economics from the University of Utah, and received his master of business administration from the Bill and Vieve Gore School of Business at Westminster Collage, located in Salt Lake City, Utah.

Squire & Co., PC
Orem, Utah
BIO/Profile: Charlotte Clark is a manager at Squire & Company, PC, a Utah CPA firm of 110 employees. She has been with Squire & Company for more than 25 years. Ms. Clark grew up in New Hampshire, but moved to Utah for college and graduated from Brigham Young University at age 20. She specializes in tax and business valuation. Her clients include businesses and individuals in a variety of industries, including: manufacturing, medical, construction, and real estate. She has presented at tax and business valuation conferences for the Utah Association of CPAs and for the National Association of Certified Valuators and Analysts® (NACVA®) State Chapter in the State of Utah. Ms. Clark has been an active and involved member of NACVA since she received her designation as a Certified Valuation Analyst® in 2001. She was a former Utah State Chapter President for NACVA, and has served on the Ethics Oversight Board and is currently serving on the Standards Board. She is also the chairperson of the Business Valuation Committee for the Utah Association of CPAs and the treasurer for the Provo Rotary Club.

BDO Puerto Rico
San Juan, Puerto Rico

BIO/Profile: Alina Rivera is a director in the business advisory practice at BDO Puerto Rico, P.S.C. with more than 15 years working in public accounting in advisory and assurance departments. Mrs. Rivera specializes in forensic accounting, business valuations, and transfer pricing benchmarking analysis for planning and compliance purposes. She also provides other consulting services such as internal audit, due diligences, capital raise, and feasibility analysis, among other services.
Mrs. Rivera was recognized as one of the 2014 40 Under Forty honorees of the National Association of Certified Valuators and Analysts® (NACVA®) and the Consultants’ Training Institute® (CTI®). She was co-chair of their 2015 Annual Consultant’s Conference as well as a member of NACVA/CTI’s 2015, 2016, 2017, and 2018 Annual Conference Planning Committee. She has been part of the International Business Valuation Body of Knowledge Task Force and Course Review Committee. She currently serves on the Valuation Credentialing Board (from 2016; three-year term).
Mrs. Rivera has managed a wide range of forensic accounting engagements assisting clients with different types of litigation support and fraud prevention, and investigation projects. Her litigation support experience includes: managing assignments regarding accounting and financial matters such as loss of income analysis, commercial damages, losses under Act 75 and 21, breach of contracts, marital dissolution (child support determination and liquidation of marital estate), contract disputes, and business interruption claims. She has led investigations of alleged fraud schemes in private and governmental entities and has performed risk assessments to identify key entity-level and process-level business risks and controls.
Mrs. Rivera has directed and coordinated internal audits for universities and governmental entities as well. Also, she has performed risk assessments to identify key entity-level and process-level business risks and controls. She is an adjunct professor at the Metropolitan University of Puerto Rico. She has taught undergraduate accounting courses such as financial accounting, intermediate and advance accounting, managerial accounting, and audit, among others.
Mrs. Rivera currently serves as an officer of the NACVA PR Chapter. She is a member of the American Institute of Certified Public Accountants, as well as of the Puerto Rico Society of Certified Public Accountants. She is also part of the following affiliations: The Institute of Internal Auditors, Association of Certified Fraud Examiners, Chartered Institute of Management Accountants, and the Association of Insolvency and Restructuring Advisors.

Henderson Hutcherson & McCullough, PLLC
Chattanooga, TN

BIO/Profile: Matt Stelzman is a specialist in the forensics, litigation, and business valuation department at Henderson Hutcherson & McCullough, PLLC in Chattanooga, Tennessee. He spends much of his time focusing on cases involving litigation. Historically, these cases include valuations for marital dissolution purposes, wrongful termination or death cases, personal injury analysis, and damage cases. In addition to his litigation support experience, he also provides valuation services to small and mid-size companies. As part of an accounting firm who maintains a client base of hundreds of automotive dealerships, Mr. Stelzman maintains a specialized knowledge base in dealership valuation that has proven invaluable to dealers around the nation.

Mr. Stelzman has been a member of the National Association of Certified Valuators and Analysts® (NACVA®) for nearly 10 years and has served on the Litigation Forensics Board (LFB) since 2014. Part of his role within the LFB was to provide assistance in the formation of exam questions to be used in the newly designed Master Analyst in Financial Forensics® (MAFF®) exam. In addition to his participation on the LFB, he is also an active NACVA mentor, providing support to new Certified Valuation Analyst® (CVA®) candidates. Mr. Stelzman is a contributor to both The Value Examiner® as well as the National Litigation Consultant's Review™. In 2014, he was recognized as one of NACVA/CTI’s 2014 inaugural 40 Under Forty. In 2016, he was honored with NACVA’s Outstanding Member Award. Beyond his role with NACVA, he also serves on the national editorial board for the Valuation & Litigation Briefing published by PDI Global.

Beyond the boardroom, Mr. Stelzman finds it important to help educate those following behind him by serving as an adjunct professor of finance at Bryan College in Dayton, Tennessee, and John Brown University in Siloam Springs, Arkansas. He obtained his MBA and bachelor of science in finance from the University of Tennessee at Chattanooga. Mr. Stelzman currently holds a CVA designation, a MAFF in Commercial Damages and Lost Profits with the NACVA, and is an Accredited Senior Appraiser with the American Society of Appraisers.

H&J Certified Public Accountants, Inc.
Cleveland, Ohio

BIO/Profile: David Zarlenga is president of H&J Certified Public Accountants, Inc., in a suburb of Cleveland, Ohio. Although he provides general accounting and tax services, he spends the vast majority of his time in business valuation, litigation support, forensic accounting, and mergers and acquisitions.

Although Mr. Zarlenga has performed many valuations in the areas of marital litigation, partnership/share-holder disputes, estates, trusts, gifting, and mergers and acquisitions, he often finds himself performing more valuations in litigation settings. In the forensic and fraud areas, he is often engaged to perform services in regard to hidden assets and employee fraud. Although he has provided testimony, many of the cases often settle on the court house steps.

Over the course of his professional career, he has performed valuations in a variety of industries. Some of the company niches he has found particularly interesting have been a paintball manufacturer, a rhododendron nursery, a forging company that manufactures large diameter fasteners for the bridge and structural construction industries, and a company that designs and assembles traffic lights and traffic light timing systems.

Mr. Zarlenga has over 30 years of experience in public accounting and has been performing valuations as a Certified Valuation Analyst® (CVA®) for over 16 years. As the demand increased for valuations in litigation, so did the courts demand for specialized designations. This is when he discovered the National Association of Certified Valuators and Analysts® (NACVA®). After researching the options available to receive a certification in valuation, he selected NACVA, which has not only been rewarding, but has been an asset to his practice. He went through the certification training in New Orleans in 2001 and received his certification in 2002.

The NACVA certification training provided Mr. Zarlenga with the skills and confidence in his understanding of the valuation process. Before NACVA, he truly believed he understood valuations. He read and studied whatever he could as a result of receiving his first engagement back in 1997. When he attended the certification training in 2001, he quickly realized just how much he needed to learn. Those who instructed him for his certification motivated him to continue with this craft. Not only because it was a revenue generator, rather, it also presented yet another challenge and an opportunity to go beyond “debits and credits”. He is often amazed at how gaining more knowledge in the valuation industry is often humbling. That is, the more you know and learn, the more you realize just how much opportunity there is to learn more.

Mr. Zarlenga is often invited to speak at local and regional Bar Association seminars. He has always had the desire to teach and enjoys such opportunities. So many members and wonderful instructors and associates he has met as a result of NACVA, has led him on an exciting career path. So much so that he encouraged two of his partners to join NACVA and earn their certifications in valuation.

Mr. Zarlenga has served on the NACVA Annual Conference Planning Committee and is currently serving on the Ethics Oversight Board as chairman. His desire to continue to serve in some capacity with NACVA has led to his humble acceptance of this nomination.

Mr. Zarlenga is an avid golfer and spends a great deal of time devoted to the sport when he is not otherwise engaged. He lives in a golf course community in Concord, Ohio with his wife Madelyn (also an avid golfer with a very good handicap). He and his wife have raised two boys and a girl. The oldest boy served in the Marines and did two tours in Iraq. The second eldest was a Petty Officer in the Navy serving as a Corpsman at the Naval Air Station Lemoore in Fresno, California and the U.S. Naval Hospital Okinawa. He is currently using his GI Bill toward becoming a physician’s assistant. Their daughter is 20 years old and is currently a hair stylist. However, she refuses to cut his hair. Go figure.

Mr. Zarlenga’s number one passion is spending time with his family. Both being raised in an Italian family, he and his wife are most fond of having the family together. It provides the best excuse to cook and eat.