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CHICAGO - Can a former Big Four consulting executive lead a resurgence at the helm of an accounting firm consolidator?
Three-year-old Centerprise Advisors hopes that former KPMG Consulting head James B. McGuire can spark growth in a segment that has remained in a holding pattern over the past few years, appointing him president and chief executive of the concern, based here.
"I think what we can do is redefine the business model," said McGuire. "[Centerprise] came into this with five different firms and five different operating philosophies - we need to integrate that into one umbrella. Beyond that, we have a lot of potential opportunity for improvement, either by acquisitions or redirecting our people into the growth areas."
McGuire succeeds Rick Stein, who served as interim chief executive of the concern after Centerprise founder Bob Basten stepped down last year after being diagnosed with Lou Gehrig's Disease.
Centerprise, which ranked No. 15 on Accounting Today's 2003 Top 100 Firms list with annual revenues of $168 million, was...