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Small Feat!
Tufts
grad is named first female CEO of Arthur D. Little -- the world's
oldest business consulting firm
Boston
[08.15.01] -- Since its creation
more than 115 years ago, the consulting firm of Arthur
D. Little has built a long
history of innovation. The first synthetic penicillin, the
equipment to turn seawater into freshwater and the technology
to convert fossil fuels into clean burning energy sources were
all developed with the company's expertise.
This
week, the firm took another important step towards expanding that
tradition of success, appointing a Tufts grad as its new CEO and
charging her with leading the company into the 21st century.
After
six months as acting chief, Pamela McNamara was officially named
CEO of Arthur D. Little [ADL] on Monday, reported the Associated
Press. She is the first female to hold the top spot in the company's
history.
"McNamara,
a Tufts university graduate in civil
engineering, has made it to the top of one of the nation's
largest technology consulting firms -- a highly competitive field
traditionally dominated by men," reported the Boston Herald.
With
a reputation for strong leadership and hands-on involvement, McNamara
is expected to make her mark quickly.
"She
rolled up her sleeves and things started to happen," a company
spokesman told the Herald, describing McNamara's term as
acting CEO. "She's chock-full of energy in a business that takes
a lot of energy."
That
dedication will be particularly important as the Tufts grad helps
ADL plan for the future in the slowing economy.
Already,
McNamara has helped the company cut costs by $20 million. At the
same time, ADL has lined up several high-profile contracts, including
a $60 million agreement to help the U.S. Army destroy chemical
weapons.
"Overall,
the core businesses are healthy and we've done some belt tightening
to make sure we have profitable operations," McNamara told the
Associated Press.
And
that may mean returning to ADL's historical strengths.
According
to the Boston Globe, the company will continue "its traditional
focus on high-tech consulting in food production, energy and pollution
control."
"We've
gotten the firm properly focused on its real strengths in the
marketplace, and our long-term prospect is to grow that business,"
McNamara told the Globe.
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