Huron Consulting Group Inc., the Chicago-based company formed by partners from collapsed accounting firm Arthur Andersen, said Tuesday that it will rearrange its executive suite this morning, with the goal of “supporting the company’s long-term growth plan.”
The move comes a day after the company reported a fourth-quarter loss of $3.8 million.
The company has been working to regain its footing for more than a year. An accounting scandal, uncovered in August 2009, resulted in the departure of senior managers and earnings restatements that cut company profits in half.
As part of the realignment, Huron president and chief operating officer David Shade will resign, staying on as consultant through the end of June.
“Having emerged from the global economic downturn and other business challenges, Huron is well-positioned to build upon its strengths in the health care, education, legal and financial services markets,” Huron CEO James H. Roth said in a statement.
Roth, who has been CEO since August 2009, will be adding the role of president, effective March 31. James K. Rojas will transition from the role of chief financial officer to chief operating officer, assuming responsibility for human resources. He will stay on as CFO until a successor can be found.
