Business Services Industry
Cambridge, Mass.-Based Management Consulting Firm Ousts CEO.
Knight Ridder/Tribune Business News, February, 2001
By Jerry Ackerman, The Boston Globe Knight Ridder/Tribune Business News
Feb. 21--Arthur D. Little Inc., the Cambridge company that set the gold standard in management consulting more than a century ago, yesterday sacked its chief executive, apparently for not moving fast enough to restore the firm to industry leadership.
Lorenzo C. Lamadrid, 50, who was hired in mid-1999 to pump new life into the financially stagnant worldwide consulting firm, was relieved "of all substantive duties" and given a leave of absence by the company's board during meetings over the Presidents' Day holiday, according to spokesmen.
Pamela McNamara, head of ADL's North American management consulting operations and leader of its global health care practice, was named...
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