SOURCE: Marakon Associates
May 31, 2006 14:10 ET
Marakon Associates, Top Management Consultancy, Elects New CEO
Former Chief Ken Favaro Becomes Co-Chairman
NEW YORK, NY -- (MARKET WIRE) -- May 31, 2006 --Marakon Associates, the international management
consultancy, today announced that Brian Burwell has been elected the firm's
new chief executive, effective immediately.
Burwell, a managing partner in the firm's San Francisco office, succeeds
Ken Favaro, who has served as Marakon's CEO since 2000 (two three-year
terms). Favaro will continue to work as a managing partner and will pick up
the additional title of co-chairman. Marakon Chairman and Co-founder Jim
McTaggart becomes the other co-chairman.
Favaro decided earlier this year to step down as CEO in order to spend more
time on client work and the promotion of an upcoming book, "The Three
Tensions: Embracing the Struggle to Perform Without Compromise," to be
published in December by Jossey-Bass. He is co-author of the book with
Dominic Dodd, a senior advisor to Marakon and former managing partner.
"Brian's contribution to Marakon's growth, reputation and culture over the
past three decades has been enormous," said Favaro. "His strong leadership
capabilities, broad experience in all of our geographic markets and deep
understanding of the many ways we help our clients improve performance make
him the ideal candidate to take the reins at this time."
Burwell commented: "Thanks to Ken's leadership, Marakon weathered some
tough times in the consulting industry and emerged with a more focused and
robust offer than ever. I look forward to building on that progress so that
we continue to deliver fresh advice and lasting impact to our clients."
Burwell joined Marakon in 1979 -- a year after the firm's founding -- and
has more than 25 years of experience working with senior executives at some
of the world's leading companies. Prior to joining Marakon, he worked with
the Federal Reserve Bank of San Francisco and with a research group at the
University of California. Burwell holds a BA in economics from the
University of California and an MBA from Stanford University.
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About Marakon Associates:
Marakon Associates is an international management consulting firm that
works with senior executives of large companies on the issues that most
drive corporate performance and long-term value. The Economist has called
it "a consultancy that has advised some of the world's most consistently
successful companies." Marakon has offices in New York, London, Singapore,
Chicago and San Francisco.