Simon Freakley Appointed to Top Position at Kroll.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Kroll Inc., the global risk consulting company Noun 1. consulting company - a firm of experts providing professional advice to an organization for a fee consulting firm business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a , has promoted Simon V. Freakley, 43, head of the firm's Corporate Advisory & Restructuring and Consulting Services groups, to chief executive officer and president. He succeeds Michael G. Cherkasky, who was appointed chairman and chief executive officer of Marsh Inc. by the board of directors of Marsh & McLennan Companies, Inc., Marsh's parent company, on October 15. "I am honored to assume the leadership of a company that has established itself as the world's leader in risk consulting," said Mr. Freakley. "Kroll is an outstanding organization with an excellent brand and reputation for quality that is recognized worldwide." Mr. Freakley has been president of Kroll's Corporate Advisory & Restructuring Group since September 2002. In April 2004, he assumed additional responsibility for overseeing Kroll's Consulting Services Group, which comprises its investigations, intelligence, security services Security services are state institutions for the provision of intelligence, primarily of a strategic nature, but also including protective security intelligence. Examples include the Security Service (MI5) and the Secret Intelligence Service (MI6) in the United Kingdom, and the , forensic accounting Forensic accounting, sometimes called investigative accounting, involves the application of accounting concepts and techniques to legal problems. Forensic accountants investigate and document financial Fraud and white-collar crimes and litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. consulting businesses. He was appointed a director of Kroll in June 2003 and served on the board until the firm's acquisition by Marsh & McLennan in July 2004. Since 1999, he has also been a member of Kroll's Executive Committee. Mr. Freakley joined Kroll in 1999 when Kroll acquired The Buchler Phillips Group, a leading U.K. corporate recovery and restructuring firm, where he had been a partner since 1992 and managing partner since 1996. Mr. Freakley has played a leading role in some of the largest cross-border restructuring cases in recent times including the Federal-Mogul Group, Budget Rent-A-Car, and Global Crossing. "Over the past five years, Simon has made a significant contribution to Kroll's strategic development and operational success," said Mr. Cherkasky. "His business acumen, managerial expertise, and global perspective make him the right choice for leading Kroll on to even greater success as an organization." About Kroll: Kroll Inc., the world's leading risk consulting company, provides a broad range of investigative, intelligence, financial, security and technology services to help clients reduce risks, solve problems and capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. opportunities. Headquartered in New York with more than 60 offices on six continents, Kroll has a multidisciplinary corps of more than 3,200 employees and serves a global clientele of law firms, financial institutions, corporations, non-profit institutions, government agencies, and individuals. Kroll was acquired by Marsh & McLennan Companies, Inc. (MMC See MultiMediaCard and Microsoft Management Console. ) in July 2004 and is an operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon of Marsh Inc., MMC's risk and insurance services subsidiary. For more information, please visit: www.krollworldwide.com. |
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