BearingPoint, Inc.
BearingPoint was formerly KPMG Consulting Inc., the consulting division of the huge accounting firm KPMG LLP that was brought down in the Enron/Arthur Anderson scandal of 2002. On February, 8, 2001, the consulting branch was officially separated from its parent due to a public offering on the company. When the Enron scandal broke, they changed their name to BearingPoint and subsequently acquired the operations left behind by the deteriorating Arthur Anderson. [1]
Contracts
- In July of 2003, BearingPoint was awarded a contract by USAID worth $79.5 million to facilitate Iraq's economic recovery with a two-year option worth a total of $240,162,688.[2][3] Responsibilities in this contract include:
1. Creating Iraq's budget
2. Writing business law
3. Setting up tax collection
4. Laying out trade and customs rules
5. Privatize state-owned enterprises by auctioning them off or issuing Iraqis shares in the enterprises.
6. Reopen banks and jump-start the private sector by making small loans of $100 to $10,000.
7. Wean Iraqis from the U.N. Oil-for-Food Program, the main source of food for 60% of the population.
8. Issue a new currency and set exchange rates. [4]
- In January 2003 BearingPoint won a $3.95 million contract financed by the World Bank to aid the Afghanistan government upgrade its accounting system.[5]
- In March of 2003, USAID awarded BearingPoint a $39.9 million contract to help rebuild the economy in Afghanistan.
[6] In November 2005, USAID awarded another contract, this three years and worth $45 million. [7] The overall worth of contracts in Afghanistan could be worth as much as $350 million. [8]
- BearingPoint works with the USAID Banking and Financial Market Reform projects in Serbia and with the National Bank of Serbia to stabilize the financial system. [9]
- In October of 2005, BearingPoint was awarded a five year contract by the Navy's Enterprise Program Management Office worth as much as $58 million to support the strategy, design, development and implementation of the EPMO. [10]
- In October, 2005, BearingPoint won a $124.7 million contract from USAID to pursue economic and financial reform in Egypt. [11]
- BearingPoint has worked with the U.S. Department of Health and Human Services to design and build a decision support system. [12]
Management
- Harry L. You: CEO
- Roderick C. McGeary: Chairman of the Board
- David W. Black: Executive VP, General Counsel and Secretary
- Judy A. Ethell: Executive VP, Finance and Chief Accounting Officer
- Michael D. Lyman: Executive VP and Chief Strategy Officer
- Joni Kahn: Executive VP, Technology Solutions
- James Monastero: Executive VP, Chief People Officer
- Ron Salluzo: Executive VP and Chief Risk Officer
- Connie Weaver: Executive VP and Chief Marketing Officer
- Thomas G. Wilde: Executive VP and Chief Information Officer
- Christopher Formant: Executive VP, Global Financial Services
- Robin S. Lineberger: Executive VP, Global Public Services
- Benjamin Loh: Senior VP General Manager APAC
- Sarah S. Martin: VP, Corporate Communications
- Robin G. Palmer: Executive VP, Asia Pacific and Latin America
- Steffen Seeger: Executive VP Europe, Middle East and Africa
- Gail P. Steinel: Executive VP Global Commercial Services
- Mark Vayda: Executive VP Worldwide Sales, Field Marketing and Alliances
Board of Directors
- Roderick C. McGeary: Chairman of the Board
- Harry L. You: Chief Executive Officer
- Douglas C. Allred: Private investor; Former Senior Vice President, Office of the President, Cisco Systems, Inc.
- Betsy Bernard: Private investor; Former President, AT&T
- Spencer Fleischer: Vice Chairman, Friedman, Fleischer & Lowe
- Wolfgang Kemna: Managing Director of Steeb Anwendungssysteme GmbH, a wholly owned subsidiary of SAP AG
- Albert L. Lord: Vice Chairman and CEO, SLM Corp.
- Alice M. Rivlin: Senior Fellow, Brookings Institution; Professor, Public Policy Institute, Georgetown University; Former Vice Chair, Board of Governors, Federal Reserve System
- J. Terry Strange: Former Vice Chairman, KPMG LLP and former Global Managing Partner of the Audit Practice of KPMG International
Articles
- Stephen Foley, Shock and Oil: Iraq's Billions and The White House Connection, The Independant, January 15, 2007.
Contact
BearingPoint
1676 International Dr.
Mc Lean, VA 22102
phone: (703) 747-3000
Website: http://www.bearingpoint.com/portal/site/bearingpoint
BearingPoint
2001 M St NW,
Washington, DC 20036
phone: (202) 533-7000
BearingPoint
2011 Crystal Dr.
Arlington, VA 22202
phone: (703) 685-5470