BearingPoint hires new CFO
Kamerick, who joins BearingPoint after serving as executive vice president, chief financial and chief administrative officer for global executive level search and leadership consulting services provider, Heidrick & Struggles International, Inc. (NASDAQ: HSII), will be part of the firm’s senior leadership team with responsibilities for the financial management of the enterprise.
As part of her portfolio, she will oversee all corporate finance and accounting functions, including corporate controllership, investor relations, tax, treasury and transaction services. Kamerick replaces Judy Ethell and will report directly to CEO, Ed Harbach. Ethell will remain with BearingPoint through July 31, 2008. “We thank Judy for her many contributions to BearingPoint particularly for her role in bringing the company current in its financial filings,” said Harbach.
Kamerick has built a career orchestrating financial strategies that have led to increased margins and profitability for public and privately held companies. Her broad finance expertise has led to demonstrable financial improvements at every organization she has served.
“Eileen is extremely well placed to lead BearingPoint’s financial organization through what we view to be a significant phase in our business and corporate life cycle,” said Harbach. “She is well regarded by Wall Street and the investment community for her straight-ahead, efficient style of management and has a proven track record of engineering dramatic improvements in financial performance that will assist in our drive to boost operational margins.
“Eileen is very familiar with the service business model and what it takes to operate competitively on a global scale,” Harbach continued. “There is no question that as we move swiftly on our plans to build a stronger organization that Eileen’s financial acumen, experience and ability to execute will be key contributors.”
During her tenure at Heidrick & Struggles, Kamerick played an integral role in the development and execution of operational and financial strategies, all of which resulted in dramatic revenue and margin growth. Kamerick also successfully transformed company cost structure as EVP and CFO of BCOM3 Group, Inc., a media holding company with operations in more than 90 countries. Previously, Kamerick held CFO positions at United Stationers, Inc. and BP Amoco Americas. Kamerick holds a Bachelor of Arts from Boston College, a Juris Doctor from the University of Chicago and a Masters in Business Administration from the Graduate School of Business at the University of Chicago.
Kamerick added, “I am excited to join BearingPoint. This was an opportunity I just couldn’t pass up and I am thrilled to lead a team focused on designing financial strategies that will lead the company toward profitable growth. Innovation and commitment to client service — the hallmarks of a great company — suggest a bright future for BearingPoint.”
About BearingPoint, Inc.
BearingPoint, Inc. (NYSE: BE – News) is one of the world’s largest providers of management and technology consulting services to Global 2000 companies and government organizations in 60 countries worldwide. Based in McLean, Va., the firm has approximately 16,000 employees focusing on the Public Services, Commercial Services and Financial Services industries. BearingPoint professionals have built a reputation for knowing what it takes to help clients achieve their goals, and working closely with them to get the job done. Our service offerings are designed to help our clients generate revenue, increase cost-effectiveness, manage regulatory compliance, integrate information and transition to “next-generation” technology. For more information, visit the Company’s Web site at www.BearingPoint.com.