Accruit announced the promotion of Karen Kemerling to the position of president. Since joining Accruit in 2013, she has held the position of chief operating officer. She assumes the role of president from Brent Abrahm, Accruit’s CEO, to whom she will continue to report.

“Karen’s ability to drive performance while supporting our company’s long-term vision made expansion of her role the logical next step for Accruit,” said Abrahm.

Since 2013, Kemerling has managed operational aspects of the company (IT, Finance/Treasury, Client Services and Marketing) and has assisted Abrahm in implementing aggressive growth strategies for the organization.

“I’m honored by the promotion and excited to be partnering with Brent,” said Kemerling. “Our skills complement each other as we work toward creating an environment that fosters problem-solving, accountability and teamwork.”

“Karen’s leadership and business acumen are a tremendous asset to the company,” said Abrahm. “In her new capacity, these qualities will extend to further enhance the experience of clients, vendors, partners and employees.”

Accruit is a provider of qualified intermediary services and 1031 like-kind exchange program solutions.