Huron Announces Board Leadership Transition
December 16 2024 - 3:05PM
Business Wire
Hugh E. Sawyer has been appointed as independent, non-executive
Chairman of the Board, effective January 1, 2025
Global professional services firm Huron (NASDAQ: HURN), today
announced that its board of directors appointed Hugh E. Sawyer as
its independent, non-executive chairman to succeed John McCartney
effective Jan. 1, 2025.
Mr. McCartney will continue to serve on the company’s board as a
director. He has served as the non-executive chairman of Huron’s
board since May 2010 and as a board member since October 2004.
“I would like to express my deep appreciation to John for his
outstanding leadership of Huron’s board over the years and his
guidance in my transition to CEO in 2023,” said Mark Hussey, CEO
and president of Huron. “I am also looking forward to Hugh moving
into the chair role and continuing our strong legacy of
client-focused solutions and innovation,” added Hussey. “We are
confident that Hugh will bring valuable insights to drive our
strategic initiatives forward.”
Mr. McCartney’s transition aligns with his previously announced
intention that he would step down as non-executive chairman prior
to the expiration of his current term in May 2025. The transition
reinforces the company’s commitment to its multi-year board refresh
process to ensure the board has a diverse mix of expertise, skills
and business acumen to evaluate and support the company’s strategy
going forward.
“It has been an honor to serve as chairman of Huron’s board of
directors during such an exciting and pivotal time for the company,
and I look forward to continuing to support the board and
management as we work to execute our strategic vision,” said Mr.
McCartney. “Having Hugh assume the role of non-executive chairman
reflects the successful outcome of a carefully considered and
thorough transition process.”
Mr. Sawyer has served as a member of the board since February
2018, serves as chair of the compensation committee and serves on
the audit and the finance and capital allocation committees. Mr.
Sawyer has held leadership roles as president or chief executive
officer of nine companies and also served on fourteen public or
private boards of directors, including as chairman. Mr. Sawyer
served as a managing director at Huron, from January 2010 to May
2017, and led the Operational Improvement Service Line for Huron's
Business Advisory Practice. He has more than 40 years of experience
leading operational improvements and strategic transformations for
both public and private companies across a diverse group of
industries.
ABOUT HURON
Huron is a global professional services firm that collaborates
with clients to put possible into practice by creating sound
strategies, optimizing operations, accelerating digital
transformation, and empowering businesses and their people to own
their future. By embracing diverse perspectives, encouraging new
ideas and challenging the status quo, we create sustainable results
for the organizations we serve. Learn more at
www.huronconsultinggroup.com.
Statements in this press release that are not historical in
nature, including those concerning the company’s current
expectations about its future results, are “forward-looking”
statements as defined in Section 21E of the Securities Exchange Act
of 1934, as amended, and the Private Securities Litigation Reform
Act of 1995. Forward-looking statements are identified by words
such as “may,” “should,” “expects,” “provides,” “anticipates,”
“assumes,” “can,” “will,” “meets,” “could,” “likely,” “intends,”
“might,” “predicts,” “seeks,” “would,” “believes,” “estimates,”
“plans,” “continues,” “goals,” “guidance,” or “outlook” or similar
expressions. These forward-looking statements reflect the company's
current expectations about future requirements and needs, results,
levels of activity, performance, or achievements. Some of the
factors that could cause actual results to differ materially from
the forward-looking statements contained herein include, without
limitation: failure to achieve expected utilization rates, billing
rates, and the necessary number of revenue-generating
professionals; inability to expand or adjust our service offerings
in response to market demands; our dependence on renewal of
client-based services; dependence on new business and retention of
current clients and qualified personnel; failure to maintain
third-party provider relationships and strategic alliances;
inability to license technology to and from third parties; the
impairment of goodwill; various factors related to income and other
taxes; difficulties in successfully integrating the businesses we
acquire and achieving expected benefits from such acquisitions;
risks relating to privacy, information security, and related laws
and standards; and a general downturn in market conditions. These
forward-looking statements involve known and unknown risks,
uncertainties, and other factors, including, among others, those
described under “Item 1A. Risk Factors” in Huron's Annual Report on
Form 10-K for the year ended December 31, 2023 that may cause
actual results, levels of activity, performance or achievements to
be materially different from any anticipated results, levels of
activity, performance, or achievements expressed or implied by
these forward-looking statements. The company disclaims any
obligation to update or revise any forward-looking statements as a
result of new information or future events, or for any other
reason.
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MEDIA CONTACT Allie Bovis abovis@hcg.com INVESTOR
CONTACT John D. Kelly Investor@hcg.com
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