It's been a big couple of years for Point B. The firm is celebrating its 20th anniversary and just last year completed its transition to 100 percent employee ownership. Since then its stock price has risen 69 percent and earnings 111 percent, so it's safe to say firm morale is high, which Chuck Ritter, President of Consulting for Point B, attributes to the quality of its people. As the firm continues its eastward geographic expansion, it recently appointed Chris Marsh, CEO and President of Pulse Health, to its board of directors, and Peter LaSalle as Vice President of Business Development. We sat down with Ritter to discuss the firm's strategic vision.
Consulting: How do the recent appointments enhance Point B's strategic growth strategy?
Ritter: When we think about growing Point B, the thing that comes to mind for me is our approach. Both our vision for consulting and how we'll execute on that strategy. When we think about the industry we think consulting needs a jolt. There's really meaningful ways we can drive value for our clients and to impact their profit equation, if it's revenues, costs or even margins. We really think about growth and diversification as helping our clients get to better outcomes than they've imagined for themselves, and how we do that always matters. Chris Marsh's appointment to our board gives us the perspective of someone who's innovated in the field and who can help us think differently about the way we consult, the way we serve our clients. Peter LaSalle's appointment has been a lot about helping us get to more clients more rapidly. We're continuing a pretty rapid geographic expansion of our VC firm and property development services. Peter's experience at Oracle Peoplesoft gives us that scale to take these ideas and to not sell or grow our company in the same way we might grow any company but to think about Point B holistically and as an opportunity to really take the power of Point B that is our people and apply them in ways for our clients that extends the bounds of traditional consulting. That's the jolt we're excited about.
