Huron (NASDAQ: HURN) has announced a significant change in its board leadership, with the appointment of Hugh E. Sawyer as the independent, non-executive chairman of the board, effective January 1, 2025. This transition follows the tenure of John McCartney, the current non-executive chairman, who has been in this role since May 2010. McCartney will continue to serve on the company's board as a director.
Mark Hussey, CEO and president of Huron, expressed his appreciation for McCartney's leadership and guidance, while also expressing confidence in Sawyer's ability to drive the company's strategic initiatives forward. McCartney's transition aligns with his previously announced intention to step down as non-executive chairman before the expiration of his current term in May 2025.
Hugh E. Sawyer, who has been a member of the board since February 2018, currently serves as the chair of the compensation committee and is also involved with the audit and the finance and capital allocation committees. Sawyer has an extensive background, having held leadership roles as president or chief executive officer of nine companies and served on fourteen public or private boards of directors, including as chairman. He previously served as a managing director at Huron from January 2010 to May 2017, leading the operational improvement service line for Huron's business advisory practice.
This leadership transition is part of Huron's commitment to a multi-year board refresh process, aimed at ensuring a diverse mix of expertise, skills, and business acumen to evaluate and support the company's strategy going forward.
Huron, a global professional services firm, collaborates with clients to create sound strategies, optimize operations, accelerate digital transformation, and empower businesses and their people to own their future. The company aims to achieve sustainable results for the organizations it serves by embracing diverse perspectives, encouraging new ideas, and challenging the status quo. As a result of these announcements, the company's shares have moved -1.3% on the market, and are now trading at a price of $120.36. For more information, read the company's full 8-K submission here.