1999

PA Consulting launches a new global interim management company - 30 November 1999

imPAct executives is the new name for PA Consulting Group’s interim management practice. Formerly part of the management consultancy, imPAct executives is a new PAGroup Company and will operate globally.

John Murray, chief executive of imPAct executives, said: "Our business has gone from strength to strength over the last five years and this name change reinforces our goal of becoming the leading global supplier of senior interim managers over the next three years. This move allows us to grow the business faster than would otherwise be possible and provides incentives for our people who now own part of the equity of the business."

The launch of imPAct executives is in line with PA’s strategy of building separate, strong identities for those group businesses which do not offer management consultancy services.

Jon Moynihan, chairman of PA Consulting Group said: "Our interim management business is successful and is expanding steadily. The launch of imPAct executives will allow it to develop at an even faster rate and to expand into international markets where we see considerable growth potential."

Key areas for imPAct executives include; project management for major change programmes, restructuring businesses or returning a loss-maker to profit, managing the implementation of large IT systems, preparing a business for sale, replacing a CEO or FD for a short period, or providing effective leadership for a business which is temporarily without direction.

imPAct executives has offices in Munich, Frankfurt, Hong Kong and Sydney and will be opening offices during the next 12 months in the Netherlands, Belgium, France and Italy. Its global interim business is headed by John Murray whose experience in management consultancy and search covers 25 years in a wide range of industry sectors in more than 20 countries.

The team includes:

Richard Foot, a highly experienced all-round general manager who worked with corporate recovery specialist David James and has been involved in business turnaround situations with companies including LEP Group plc and Dan-Air.

David Bradford, formerly with NBS, has 30 years’ industry experience ranging from food manufacturing to financial services and has held positions as marketing director, managing director and a member of two publicly quoted boards.

For more information, please contact:

Nick Parfitt PA Consulting Group 123 Buckingham Palace Road London SW1W 9SR United Kingdom Tel: +44 20 7312 4748 Fax: +44 20 7333 5085 E-mail: nick.parfitt@cubiks.com

Notes to editors

KEY FACTS: Interim Management

• The practice of appointing interim executives to take on senior positions on a temporary basis has grown rapidly over the past five years. ImPAct executives’ own estimates suggest increases of 30% to 40% per annum.

• Interim executives are self-employed senior managers whose services are marketed by interim supply firms such as imPAct executives.

• Regular use of interim managers as an executive resource enables companies to hire experience at very short notice with a high probability of a timely delivery of the project goals.

• Interim management is a high value, low risk solution for companies with an urgent need.

• IMs are mature, confident individuals with Board or senior management experience. They relish the detachment their position brings and aim simply to get results, fast.

• Typical assignment length of between 6 and 12 months.

• Typical costs range from £600-£1000 a day.

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