Exhibit
99.1
[Huron
Consulting Group Logo]
News
FOR
IMMEDIATE RELEASE
February
2, 2007
Huron
Consulting Group Announces Vice President Appointments
Company
Also Announces Five-Year Extension of CEO’s Contract
CHICAGO
-
February 2, 2007 - Huron Consulting Group Inc. (NASDAQ: HURN), a leading
provider of financial and operational consulting services, today announced
the
vice president appointments of Shahzad Bashir, Daniel P. Broadhurst, Joseph
J.
Floyd, Stanley N. Logan, and James H. Roth.
“As
Huron
continues to grow, it is important to focus our leadership to meet the needs
of
our clients and the tremendous demand in the marketplace for our services,” said
Gary E. Holdren, chairman and chief executive officer, Huron Consulting Group.
“We look forward to the leadership of Shahzad, Dan, Joe, Stan, and Jim in their
new roles.”
Shahzad
Bashir - In his new role, he will serve as vice president of Huron’s
Legal Operational Consulting practice, which provides guidance and business
services with the challenges that confront today's legal
organizations. His practice adds value to corporate law departments, law
firms and government agencies by helping to reduce legal spend, enhance client
service delivery, and increase operational effectiveness. These provide
measurable results in the areas of digital evidence and discovery services,
document review, law firm management services, records management, and strategy
and operational improvements. Bashir, who is based in Huron’s Houston office,
previously served as managing director and practice leader of the Company’s
Legal Business Consulting practice.
Daniel
P. Broadhurst - In his new role, he will serve as vice president of
Operations and Business Strategy managing day-to-day operations and business
development for the Company. Broadhurst will continue to work closely with
Huron’s practice leaders regarding practice performance, resource planning, and
all other aspects of business planning and development. He previously served
as
vice president of Operations. Broadhurst, who is based in Huron’s Chicago
office, will continue to act as the Company’s Quality Officer, as well as serve
clients in the disputes and investigations area.
Joseph
J. Floyd - In his new role, he will serve as vice president of Huron’s
Legal Financial Consulting practice. This practice is comprised of
certified public accountants, economists, certified fraud examiners, chartered
financial analysts and valuation experts that serve attorneys and
corporations as expert witnesses and consultants in connection with
business disputes as well as in regulatory or internal investigations. The
practice also assists corporations with valuation analysis related
to business acquisitions and provides assistance on complex accounting and
financial reporting matters. Floyd, who is based in Huron’s New York
office, has served as an expert witness on accounting and
financial analysis matters. He previously served as managing director and
practice leader of the Company’s Financial and Economic Consulting
practice.
Stanley N.
Logan - In his new role, Logan will serve as vice president of
Huron’s Corporate Consulting practice, which leads clients through various
stages of transformation that result in measurable and sustainable performance
improvement. Corporate Consulting works with clients to solve
complex business problems. The team implements strategies and
solutions to effectively address
and manage stagnant or declining stock price, acquisitions and
divestitures, process inefficiency,
third party contracting difficulties, lack of/misaligned performance
measurements, margin/cost pressures, performance issues, bank defaults, covenant
violations, and liquidity issues. Logan, who is based in Huron’s Chicago office,
previously served as vice president of Strategy and Business Development.
James
H. Roth - In his new role, he will serve as vice president of Huron’s
Health and Education Consulting practice. The Health and Education Consulting
practice is a national leader in providing consulting services to hospitals,
health systems, physicians, managed care organizations, academic medical
centers, colleges, universities, and pharmaceutical and medical device
manufacturers. The Company’s seasoned professionals help healthcare and higher
education clients effectively address their financial, operational and
organizational, research enterprise, strategic, technology, and compliance
requirements. Roth, who is based in Huron’s Chicago office, previously served as
managing director and practice leader of the Company’s Higher Education
practice.
Huron
also announced today that the Company’s
Chairman and CEO Gary E. Holdren has
entered into a new employment contract for an additional five years. Holdren
has
led the Company through significant growth since its founding in May 2002.
Huron
was named the fastest growing new business by Entrepreneur
magazine
in 2005, and again in 2006. Consulting
Magazine
named
Holdren one of the Top 25 Most Influential Consultants in 2003 and 2005.
In
addition, Consulting
Magazine
named
Huron one of The Best Firms To Work For in 2006. Huron will mark its five-year
anniversary in May 2007.
About
Huron Consulting Group
Huron
Consulting Group helps clients effectively address complex challenges that
arise
in litigation, disputes, investigations, regulatory compliance, procurement,
financial distress, and other sources of significant conflict or change. The
Company also helps clients deliver superior customer and capital market
performance through integrated strategic, operational, and organizational
change. Huron provides services to a wide variety of both financially sound
and
distressed organizations, including Fortune 500 companies, medium-sized
businesses, leading academic institutions, healthcare organizations, and the
law
firms that represent these various organizations. Learn more at
www.huronconsultinggroup.com.
Statements
in this press release, which are not historical in nature and concern Huron
Consulting Group’s current expectations about the company’s reported results for
2006 and future results in 2007 are "forward-looking" statements as defined
in
Section 21E of the Securities Exchange Act of 1934 and the Private Securities
Litigation Reform Act of 1995. Forward-looking statements are identified by
words such as “may,” “should,” “expects,” “plans,” “anticipates,” “believes,”
“estimates,” or “continue.” These forward-looking statements reflect our current
expectation about our future results, performance or achievements, including
without limitation, that our business continues to grow at the current
expectations with respect to, among other factors, utilization and billing
rates
and number of consultants; that we are able to expand our service offerings
through our existing consultants and new hires; that we successfully integrate
the businesses we acquire; and that existing market conditions do not change
from current expectations. These statements involve known and unknown risks,
uncertainties and other factors that may cause actual results, performance
or
achievements to be materially different from any future results, performance
or
achievements expressed or implied by these forward-looking statements. Therefore
you should not place undue reliance on these forward-looking statements. Please
see “Risk Factors” in our Form 10-K and in other documents we file with the
Securities and Exchange Commission for a complete description of the material
risks we face.
Media
Contact:
Jennifer
Frost Hennagir
312-880-3260
jfrost-hennagir@huronconsultinggroup.com
Investor
Contact:
Gary
L.
Burge, Chief Financial Officer
312-583-8722
garyburge@huronconsultinggroup.com
###