CHICAGO, IL--(Marketwire - January 30, 2008) - MorrisAnderson & Associates, Ltd., Chicago, is pleased to announce that Larry Hennessy has become the Chief Financial Officer of MorrisAnderson. Hennessy, who has been with MorrisAnderson since 1999, became a principal of MorrisAnderson in January 2007. Typically based in the St. Louis office, Hennessy will now divide his time between St. Louis and the company headquarters in Chicago.

"It is great to have Larry stepping up as our CFO as we keep growing and expanding MorrisAnderson," says Dan Dooley, Principal and Chief Operating Officer. Adds Dooley, "One of Larry's first responsibilities as CFO has been to upgrade our internal financial reporting systems, which everyone here is really excited about. Larry has many years of experience working as a CFO and advising middle market businesses. We are looking forward to taking advantage of his capabilities and expertise as he guides MorrisAnderson's financial growth."

Hennessy specializes in business turnarounds, crisis management and financial analysis for family-and investor-owned middle-market businesses, with an emphasis on cost reduction, cash management and profit improvement. He has served as Chief Restructuring Officer and interim CFO on various assignments and has been involved in consulting assignments for companies with annual sales of $15 million to $200 million, including financial advisory, turnarounds, bankruptcy, and sales of divisions and companies.

Prior to joining MorrisAnderson, Hennessy served as CFO for six privately held manufacturing companies in printing, direct mail, food manufacturing, plastic injection molding and wire-display manufacturing. He also spent six years in financial operations analysis at International Harvester.

Hennessy, a CPA, holds a Bachelor's degree in Accounting and an MBA from Southern Illinois University. He is a Certified Turnaround Professional.

More about MorrisAnderson:

Chicago-based MorrisAnderson has offices in New York, Atlanta, Milwaukee, Los Angeles, Cleveland, Nashville and St. Louis. The firm's service offerings include performance improvement, financial advisory, investment banking, interim management, lender services, turnarounds, workouts, litigation support, valuation, information technology services, and insolvency services and wind-downs. MorrisAnderson emphasizes hands-on involvement for companies with $20 million to $200 million in annual sales. Now celebrating its 27th anniversary, the firm recently merged with Centre Health Partners, a management consulting firm specializing in financial and operational performance improvement services for the health-care industry. MorrisAnderson's new health-care division is based in Nashville, Tenn.

Contact Information: For More Information: Marjorie Dunn Manager, Marketing & Communications 312/254-0892