SOURCE: MorrisAnderson

January 25, 2007 10:07 ET

Larry Hennessy Promoted to Principal of MorrisAnderson

CHICAGO, IL -- (MARKET WIRE) -- January 25, 2007 -- MorrisAnderson & Associates, Ltd., Chicago, is pleased to announce that Larry Hennessy has been promoted to Principal and equity owner of the firm. Hennessy, who has been with MorrisAnderson since 1999, is based in St. Louis and works primarily with referral sources and clients in St. Louis and Kansas City.

"We are excited to welcome Larry to a senior leadership position in MorrisAnderson," says Dan Dooley, Principal and Chief Operating Officer. "He has significantly expanded our market presence in St. Louis and Kansas City, and created our highly successful Executive Mentoring service. He is a superb consultant and project manager, and we will rely on his leadership to achieve even greater accomplishments in his new position. I look forward to working closely with him as we continue to build MorrisAnderson's capabilities and strength."

Hennessy specializes in business turnarounds, crisis management and financial analysis for family- and investor-owned middle-market businesses, with an emphasis on cost reduction, cash management and profit improvement. He has served as Chief Restructuring Officer and interim CFO on various assignments and has been involved in consulting assignments for companies with annual sales of $15 million to $200 million, including financial advisory, turnarounds, bankruptcy, and sales of divisions and companies.

Prior to joining MorrisAnderson, Hennessy served as CFO for six privately held manufacturing companies in printing, direct mail, food manufacturing, plastic injection molding and wire-display manufacturing. He also spent six years in financial operations analysis at International Harvester.

Hennessy, a CPA, holds a bachelor's degree in accounting and an MBA from Southern Illinois University. He is a Certified Turnaround Professional.

"Larry is the first of several senior consultants at MorrisAnderson who we expect will advance to Principal and equity owner status in the months and years ahead," Dooley notes.

More about MorrisAnderson:

Chicago-based MorrisAnderson has offices in New York, Atlanta, Milwaukee, Delaware, Los Angeles, Cleveland and Nashville. The firm's eight service offerings include performance improvement, financial advisory, turnarounds and workouts, investment banking, interim management, lender services, information technology services, and insolvency services and wind-downs. MorrisAnderson emphasizes hands-on involvement for companies with $20 million to $250 million in annual sales. Now celebrating its 26th anniversary, the firm recently merged with Centre Health Partners, a management consulting firm specializing in financial and operational performance improvement services for the health-care industry. MorrisAnderson's new health-care division is in Nashville, TN.

Contact Information

  • Contact:
    Marjorie Dunn
    Manager, Marketing & Communications
    MorrisAnderson & Associates
    Email Contact

    MorrisAnderson & Associates, Ltd.
    55 West Monroe Street
    Suite 2500
    Chicago, IL 60603
    (312) 254-0880 (phone)
    (312) 727-0180 (fax)