New York (April 8, 2003) - Shakeups continue at Deloitte Consulting as long-time client General Motors dismissed the firm as its consultant shortly after parent company Deloitte Touche Tohmatsu canceled plans to spin off the unit.

Last week Deloitte abandoned its sales plans after the management team failed to obtain adequate financing to fund the deal. Shortly thereafter, Deloitte Consulting announced chief executive Douglas McCracken will retire in June. The firm is reportedly looking for McCracken’s replacement and expects to name a new CEO in a matter of weeks, though GM said the move had little bearing on its decision.

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