Randolph C. Blazer, the chairman and chief executive of BearingPoint, who led the former KPMG Consulting unit through its split with KPMG LLP and its transition to a public company, has resigned.
Blazer, who resigned suddenly Wednesday, had served as CEO since April 2000 and as chairman of the board since February 2001. The company, which didn't give a reason for Blazer's departure, said that board member Roderick C. McGeary, 53, will serve as chairman and CEO while it looks for a permanent successor.
The company formerly known as KPMG Consulting split off from its accounting firm parent in early 2000 and went public on the Nasdaq in February 2001. Throughout 2002, KPMG Consulting expanded its global footprint with the acquisition of dozens of Andersen consulting units in the U.S., Europe, Japan, Asia Pacific and Latin America after that firm's demise due to its indictment and subsequent conviction in the Enron implosion. It also acquired KPMG Consulting AG, the German, Swiss and Austrian consulting units of KPMG DTG. In October 2002, it began trading on the New York Stock Exchange and changed its name to BearingPoint in an effort to distance itself from the accounting profession, which had been bruised by a spate of corporate scandals.
Blazer joined KPMG LLP as a consulting professional in the Washington office in 1977. He served as partner-in-charge of KPMG's public services consulting practice from 1991 until 1997, when he was named as a member of a two-person executive team (including as co-chief executive officer from August 1999 until April 2000) that directed all KPMG Consulting services.
McGeary has been a member of the board since August 1999 and serves on its executive committee. He also serves as a director of BroadVision Inc., Cisco Systems Inc., and GoRemote Inc. From April 2000 to July 2002, he served as CEO of wireless and broadband company Brience Inc. Prior to that, he served as co-CEO and co-president of the company.
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