Grant Thornton's Executive Partner Steps Down

Edward E. Nusbaum, 45, has been named Interim Executive Partner at Grant Thornton while the firm conducts a search for a permanent replacement for Dom Esposito, who is leaving the position he held for two years.

Mr. Esposito was appointed Executive Partner of the Chicago-based firm in February, 1999, and during that time has led Grant Thornton through a number of significant accomplishments, including, most recently, the accounting services required of KMPG Consulting as it floated its initial public offering.

Grant Thornton, the U.S. arm of Grant Thornton International, cites differences regarding the direction of the firm as the reason its Executive Committee has asked Mr. Esposito to step down from the helm.

Mr. Nusbaum is expected to serve for a period of "a few months," until a choice for a permanent Executive Partner is made.

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