MutualFundWire.com: Deloitte Consulting CEO to Step Down

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Friday, February 25, 2000

Deloitte Consulting CEO to Step Down

Deloitte Consulting today announced the appointment of Douglas McCracken to the position of chief executive officer. McCracken, the current managing director, Americas for Deloitte Consulting, and current chairman of the board of Deloitte & Touche USA, succeeds Pat Loconto, who has held the CEO position since the formation of Deloitte Consulting's global practice in 1996. The change will take place at the end of May, 2000.

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McCracken joined the firm in 1977 and has more than 20 years of experience as a management consultant. He became a partner in 1982 and was elected to the boards of directors of Deloitte & Touche in 1995 and Deloitte Consulting in 1996.

"Doug is uniquely qualified to lead Deloitte Consulting," said James Copeland, CEO of Deloitte Touche Tohmatsu, in a statement. "He is global in outlook, and understands the integrated environment that the Deloitte brand brings to the market. We are fortunate to have him leading the firm into the 21st Century where the rapidly evolving business environment demands a deep understanding of industry, business and technology drivers."

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