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Consulting Firm Combines Operating Units

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Clark Inc. is streamlining its operations.[@@[

Clark, Barrington, Ill., hopes to combine its executive benefits, banking and insurance consulting practices into a single unit by the end of the year, the company says.

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Les Brockhurst, president of the executive benefits practice, will lead the new combined practice, and the new unit will appear as a single reporting segment in Clark’s financial statements starting in 2006, Clark says.

Clark executives hinted at streamlining plans earlier a few weeks ago, when they announced the company’s second-quarter earnings.