BearingPoint Names Eileen Kamerick Chief Financial Officer.Finance Leader Brings Record of Executing Profitable Growth Strategies MCLEAN, Va. -- Kamerick, who joins BearingPoint after serving as executive vice president, chief financial and chief administrative officer A chief administrative officer (CAO) is responsible for administrative management of private, public or governmental corporations. The CAO is one of the highest ranking members of an organization, managing daily operations and usually reporting directly to the chief executive for global executive level search and leadership consulting services provider, Heidrick & Struggles International, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : HSII), will be part of the firm's senior leadership team with responsibilities for the financial management of the enterprise. As part of her portfolio, she will oversee all corporate finance and accounting functions, including corporate controllership, investor relations Investor relations The process by which the corporation communicates with its investors. , tax, treasury and transaction services. Kamerick replaces Judy Ethell and will report directly to CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Ed Harbach. Ethell will remain with BearingPoint through July 31, 2008. "We thank Judy for her many contributions to BearingPoint particularly for her role in bringing the company current in its financial filings," said Harbach. Kamerick has built a career orchestrating financial strategies that have led to increased margins and profitability for public and privately held companies privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. . Her broad finance expertise has led to demonstrable financial improvements at every organization she has served. "Eileen is extremely well placed to lead BearingPoint's financial organization through what we view to be a significant phase in our business and corporate life cycle," said Harbach. "She is well regarded by Wall Street and the investment community for her straight-ahead, efficient style of management and has a proven track record of engineering dramatic improvements in financial performance that will assist in our drive to boost operational margins. "Eileen is very familiar with the service business model and what it takes to operate competitively on a global scale," Harbach continued. "There is no question that as we move swiftly on our plans to build a stronger organization that Eileen's financial acumen, experience and ability to execute will be key contributors." During her tenure at Heidrick & Struggles, Kamerick played an integral role in the development and execution of operational and financial strategies, all of which resulted in dramatic revenue and margin growth. Kamerick also successfully transformed company cost structure as EVP EVP Executive Vice President EVP EGR (Exhaust Gas Recirculation) Valve Position Sensor EVP Electronic Voice Phenomenon EVP Europäische Volkspartei (Germany) EVP Employee Value Proposition and CFO See Chief Financial Officer. of BCOM BCom Bachelor of Commerce BCOM Budget Committee (JOIDES) BCom Bulletin of the Comediantes BCOM Below Center Of Mass (Officer Evaluation Report) BCOM Battalion Combat Outcome Model 3 Group, Inc., a media holding company with operations in more than 90 countries. Previously, Kamerick held CFO positions at United Stationers United Stationers NASDAQ: USTR is the largest wholesale distributor of office products in North America, with sales in excess of $4 billion. Its brands include Azerty, a computer products distributor, and Lagasse, a sanitary maintenance company. , Inc. and BP Amoco Americas. Kamerick holds a Bachelor of Arts from Boston College Boston College, main campus at Chestnut Hill, Mass.; coeducational; Jesuit; est. and opened 1863. Actually a university, the school's Chestnut Hill campus comprises colleges of arts and sciences and business administration, the graduate school, and schools of nursing , a Juris Doctor The degree awarded to an individual upon the successful completion of law school. Juris doctor, or doctor of Jurisprudence, commonly abbreviated J.D., is the degree commonly conferred by law schools. from the University of Chicago and a Masters in Business Administration from the Graduate School of Business at the University of Chicago. Kamerick added, "I am excited to join BearingPoint. This was an opportunity I just couldn't pass up and I am thrilled to lead a team focused on designing financial strategies that will lead the company toward profitable growth. Innovation and commitment to client service--the hallmarks of a great company--suggest a bright future for BearingPoint." About BearingPoint, Inc. BearingPoint, Inc. (NYSE NYSE See: New York Stock Exchange :BE) is one of the world's largest providers of management and technology consulting services to Global 2000 companies and government organizations in 60 countries worldwide. Based in McLean, Va., the firm has approximately 16,000 employees focusing on the Public Services, Commercial Services and Financial Services industries. BearingPoint professionals have built a reputation for knowing what it takes to help clients achieve their goals, and working closely with them to get the job done. Our service offerings are designed to help our clients generate revenue, increase cost-effectiveness, manage regulatory compliance, integrate information and transition to "next-generation" technology. For more information, visit the Company's Web site at www.BearingPoint.com. Some of the statements in this press release constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements are based on our current expectations, estimates and projections. Words such as "will," "expects," "believes" and similar expressions are used to identify these forward-looking statements. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are based upon assumptions as to future events or our future financial performance that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed or forecast in these forward-looking statements. As a result, these statements speak only as of the date they were made, and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. |
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