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Crawford rewards interim chief for profit turnaround

Crawford & Company has appointed Interim President and CEO Harsha Agadi to the roles permanently.

Mr Agadi stepped in as caretaker last August after the resignation of CEO Jeffrey Bowman, weeks after the global loss adjuster recorded a second-quarter net profit plunge of 61%.

Last month Crawford reported a first-quarter profit of $US8.6 million ($11.71 million), almost triple the figure in the corresponding period last year.

Non-Executive Chairman Charles Ogburn says Mr Agadi has made “tough but necessary changes” that have helped turn around profit.

“He thinks strategically and has the results-oriented approach necessary to help us navigate through an expanding and ever-evolving industry,” Mr Ogburn said.

Mr Agadi has almost 30 years’ experience in various executive management positions for Fortune 500 companies.