BearingPoint looks to You
- By Steve LeSueur
- Apr 14, 2005
BearingPoint Inc. is not for sale.
Harry You, the company's new chief executive officer, emphatically dismisses all speculation in that regard. Instead, he said, he intends to revitalize the company through growth, as much as 13 percent or more.
Anything less than that "would be a failure," he said.
In a wide-ranging interview with Staff Writer Roseanne Gerin, You and other BearingPoint executives laid out their blueprint for getting the company back on track following recent stumbles. In November, BearingPoint's then-CEO resigned abruptly after problems with the company's financial controls were uncovered, and the company missed its deadline for filing its 2004 annual report.
On top of that, the company is expected to report a loss for 2004.
Even You acknowledges that the situation as "an embarrassment."
BearingPoint's government business, which has been growing by about 20 percent annually, will likely play a strong role in getting the company back on track. Among the future programs and contracts on the company's radar screen are the General Services Administration's multibillion-dollar Alliant contract, the Army's General Fund Enterprise Business Systems contract, the Air Force's Defense Enterprise Accounting and Management System contract and the follow-on contract for full-scale deployment of the Transportation Worker Identification Credential.
BearingPoint has been a consistently strong player in the government market in recent years. You, brought in from Oracle Corp. to lead the company, said he means to keep it that way.