Contact Information: Contact: Marjorie Dunn 312/254-0892 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)
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.
