Embattled Campus Crest makes big management changes

• Campus Crest Communities (NYSE:CCG) in nearing a deal to retain management consulting firm Alvarez & Marsal North America to assist with overhauling the company. As part of the agreement, Alvarez & Marsal managing directors David Coles and John Makuch have been appointed as interim CEO and CFO, respectively.
• Previous interim CFO Scott Rochon will continue on as Chief Accounting Officer. Aaron Halfacre will stay on as President and CIO.
• Non-executive Chairman Richard Kahlbaugh was the previous interim CEO.
• Source: Press Release
• Previously: Activist turns up pressure on Campus Crest after dividend suspension; shares up 5.9% (April 2)