Andersen, a US-based provider of tax, valuation and related consulting services, has appointed Randolph Smith and Douglas Wood as managing directors in its Commercial practice.

Smith and Wood will help the company expand its operations in the Carolinas and support service delivery in the region.

Smith brings more than 35 years of tax advisory experience to Andersen, with a focus on privately owned companies, pass-through entities and high-net-worth individuals and families.

He specialises in flow-through taxation, tax accounting methods, credits and structuring matters.

Smith previously served as the national managing partner for the Transportation and Logistics practice at Grant Thornton in the US.

Andersen said that his background will support the company’s work with clients in the transportation, logistics and manufacturing sectors.

Wood, who has more than 30 years of experience, specialises in global tax and transfer pricing matters.

He has worked with a diverse range of clients, including those in alternative investments and private equity.

Previously, Wood served as the national managing principal for Grant Thornton’s combined International Tax Services and Transfer Pricing practice and was a member of Grant Thornton International’s Global Transfer Pricing leadership team.

Andersen US country managing director Dan DePaoli said: “Both Randolph and Doug are well-known within our Andersen family.

“Doug has a proven track record in client service and technical excellence. For Randolph, this is truly a ‘homecoming’ as he was a leading partner in the domestic business tax practice at Arthur Andersen. Their deep expertise, strong leadership skills and shared vision for expanding our presence in Charlotte will be instrumental in achieving our regional strategic objectives.”