Huron Elects Former Academic Medical Center Executive Peter Markell to Board of Directors

Rhea-AI Summary

Huron (NASDAQ: HURN) announced the election of Peter Markell to its board of directors, increasing board membership to seven. Markell brings extensive financial expertise, having managed $14 billion in operations while serving as CFO at Mass General Brigham. His experience in healthcare and higher education aligns with Huron’s strategic goals. The board aims to enhance its capabilities further with new members to reflect diverse perspectives and better serve clients.

Positive

• Peter Markell's extensive financial expertise may enhance Huron's strategic performance.
• Diversity in the board could lead to better decision-making reflecting client needs.

Negative

• Concerns about continuity and experience gaps as new members are integrated.

CHICAGO--(BUSINESS WIRE)-- Global professional services firm Huron (NASDAQ: HURN) today announced that Peter Markell was elected to Huron’s board of directors. Peter’s addition brings the size of the board to seven members.

“We are pleased to welcome Peter to Huron’s board of directors. His extensive knowledge of Huron’s core industries and the challenges clients in those industries face along with his deep financial acumen will enable him to have an immediate impact on the achievement of Huron’s strategic and financial objectives,” said John McCartney, non-executive chairman of the Huron board.

Mr. Markell previously served as executive vice president of administration and finance, and chief financial officer and treasurer at Mass General Brigham where he was responsible for financial oversight of $14 billion in operations with assets of approximately $21 billion. He also managed teams within the areas of corporate finance, research management, information systems, real estate, treasury and human resources. Mr. Markell also recently completed his term as chairman of the board of trustees of Boston College, concluding 18 years of service on the board. Prior to his executive roles at Mass General Brigham, Mr. Markell was an audit partner at EY and served as interim chief financial officer at Massachusetts General Hospital.

Mr. Markell is a certified public accountant (CPA) and holds a bachelor of science with concentrations in accounting and finance from Boston College. Mr. Markell also sits on the board of Eastern Bank. He will qualify as an audit committee financial expert.

“As we continue to evolve our board, we are focused on having the best mix of skills and experience to evaluate and support the Company’s strategy going forward. Peter’s recent experience as a senior leader and board member in healthcare and higher education, respectively, which represent Huron’s two largest end markets, will further amplify the vitally important 'voice of the client' in our boardroom discussions. We recognize the benefits of fresh perspectives that highly qualified new directors can bring to our board, and we remain actively engaged in our board refreshment process and our commitment to increased diversity. We expect to add at least one additional new director in the coming quarters,” added McCartney.

ABOUT HURON

Huron is a global consultancy that collaborates with clients to drive strategic growth, ignite innovation and navigate constant change. Through a combination of strategy, expertise and creativity, we help clients accelerate operational, digital and cultural transformation, enabling the change they need to own their future. By embracing diverse perspectives, encouraging new ideas and challenging the status quo, we create sustainable results for the organizations we serve. Learn more at www.huronconsultinggroup.com.

Statements in this press release that are not historical in nature, including those concerning the Company’s current expectations about its future results, are “forward-looking” statements as defined in Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Forward-looking statements are identified by words such as “may,” “should,” “expects,” “provides,” “anticipates,” “assumes,” “can,” “will,” “meets,” “could,” “likely,” “intends,” “might,” “predicts,” “seeks,” “would,” “believes,” “estimates,” “plans,” “continues,” “guidance,” or “outlook” or similar expressions. These forward-looking statements reflect the Company's current expectations about future requirements and needs, results, levels of activity, performance, or achievements. Some of the factors that could cause actual results to differ materially from the forward looking statements contained herein include, without limitation: the impact of the COVID-19 pandemic on the economy, our clients and client demand for our services, and our ability to sell and provide services, including the measures taken by governmental authorities and businesses in response to the pandemic, which may cause or contribute to other risks and uncertainties that we face; failure to achieve expected utilization rates, billing rates and the number of revenue-generating professionals; inability to expand or adjust our service offerings in response to market demands; our dependence on renewal of client-based services; dependence on new business and retention of current clients and qualified personnel; failure to maintain third-party provider relationships and strategic alliances; inability to license technology to and from third parties; the impairment of goodwill; various factors related to income and other taxes; difficulties in successfully integrating the businesses we acquire and achieving expected benefits from such acquisitions; risks relating to privacy, information security, and related laws and standards; and a general downturn in market conditions. These forward-looking statements involve known and unknown risks, uncertainties, and other factors, including, among others, those described under “Item 1A. Risk Factors” in Huron's Annual Report on Form 10-K for the year ended December 31, 2021, that may cause actual results, levels of activity, performance or achievements to be materially different from any anticipated results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements as a result of new information or future events, or for any other reason.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220316005803/en/

MEDIA CONTACT

Allie Bovis

abovis@hcg.com

INVESTOR CONTACT

John D. Kelly

investor@hcg.com

Source: Huron

FAQ

Who is Peter Markell and what is his role at Huron?

Peter Markell has been elected to Huron's board of directors, bringing significant financial expertise to the company.

What is the significance of Peter Markell joining Huron's board?

His experience in healthcare and finance is expected to positively impact Huron's strategic and financial objectives.

How many members are on Huron's board after Peter Markell's election?

With Markell's election, the board now has seven members.

What are Huron's plans for its board composition in the future?

Huron plans to add at least one more new director in the coming quarters to enhance the board's diversity and expertise.