New York (April 7, 2003) - On the heels of news that it abandoned plans to go private, Deloitte Consulting said that the firm’s chief executive, Douglas McCracken will retire when his term ends in June, according to media reports.

The company is reportedly looking for a replacement and expects to name a new CEO in a matter of weeks, Deloitte spokesman Peter Horowitz told reporters. Horowitz said the news of McCracken’s departure wasn’t a surprise, since McCracken had said he might relinquish his title after completion of the separation talks.

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