Booz & Company, a leading global management consulting firm, today announced that its board of directors has elected Cesare Mainardi to be the firm's next chief executive officer. Mainardi will succeed Shumeet Banerji, who is nearing the completion of his four-year term as CEO. Mainardi is currently the firm's Chief Operating Officer and Managing Director of its North American business and will transition into his new role by mid May 2012.
"We are thrilled that Cesare Mainardi will be the next CEO of Booz & Company," said Joe Saddi, Chairman, Booz & Company. "Cesare has a strong track record of delivering performance and growth, as well as considerable experience in executing capabilities-driven strategic transformations, both within our firm and for our clients. I am confident that under his leadership, we will continue to build on our historic successes and our reputation as a firm that consistently helps the world's leading institutions connect strategy to impact."
Saddi continued, "At the same time, we are tremendously grateful for the enormous contributions Shumeet Banerji has made to our firm during his tenure as CEO. Shumeet has guided Booz & Company since 2008, growing our partnership and expanding our footprint, allowing the firm to thrive in major markets around the world."
"I am honored to have led the firm through this formative period as a new/old firm. Today the firm is in exceptional condition, and has the capabilities to serve top clients around the world with real distinction. Cesare is a superb partner; the firm will thrive under his leadership," said Shumeet Banerji, CEO, Booz & Company. "The success of our firm is a testament to the talent and experience of our excellent people, and it is my pleasure to have served them and the firm as CEO."
Cesare Mainardi has built a 25-year career at Booz & Company serving some of the firm's most significant clients in large-scale capabilities-driven transformation efforts, while, in parallel, making significant contributions to the firm's intellectual capital and serving in a variety of leadership roles. He has co-authored the books The Essential Advantage and Cut Costs Grow Stronger; both published by Harvard Business Review Press, and also authored several articles on business strategy published in leading journals such as Harvard Business Review and strategy+business.
"We've achieved a tremendous amount under Shumeet's leadership," said Cesare Mainardi, CEO-elect, Booz & Company. "We remain committed to helping our clients identify and build the capabilities most essential to their success. Our partnership is strong and ready to lead Booz & Company into our second century of distinguished service to clients."
About Booz & Company
Booz & Company is a leading global management consulting firm, helping the world's top businesses, governments, and organizations. Our founder, Edwin Booz, defined the profession when he established the first management consulting firm in 1914.
Today, with more than 3,300 people in 60 offices around the world, we bring foresight and knowledge, deep functional expertise, and a practical approach to help our clients identify and build the capabilities and essential advantage they need to outperform. The independent White Space report ranked Booz & Company #1 among consulting firms for "the best thought leadership" in 2010 and 2011.