Hewitt Associates Announces Partial Spin-Off of Its Executive Compensation Consulting Business in North America

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Hewitt Associates, a global human resources consulting and outsourcing today announced it has closed on a partial divestiture of its Executive Compensation Consulting business in North America. Under the agreement, a select number of Hewitt principals and consultants will be leaving Hewitt to form Meridian Partners LLC, which will operate as an independent executive compensation consulting firm. Terms of the transaction were not disclosed.

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