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Mayer Brown has nominated Chicago private equity partner Bert Krueger to succeed James Holzhauer as chairman, with the incumbent stepping down after two years at the helm.
As reported by The Lawyer (9 March) Holzhauer, who replaced former chairman Tyrone Fahner in 2007, resigned from the chairmanship but vowed to serve until January 2010 unless a replacement was found before then.
Krueger has been nominated by the US firm’s policy and planning committee to take on the role of chairman as of 1 June.
A statement issued by the firm said: “The partnership will vote in mid-April to approve a new governance structure for the firm and Mr Kruger as its chairman.”
The governance overhaul will see a single chairman manage the firm rather than a trio of partners, as is currently the case. When Holzhauer was elected the firm also appointed two vice chairman, London head Paul Maher and Kenneth Geller in Washington DC.
The new leadership plan comes after the firm announced that it is cutting 45 associates and 90 support staff in the US last week (3 April).