Booz & Company's board of directors has elected Cesare Mainardi to be the firm's next CEO, succeeding current CEO Shumeet Banerji, who is nearing the completion of his four-year term as CEO.
Mainardi, who is currently the firm's Chief Operating Officer and Managing Director of its North American business, will transition into his new role by mid May 2012.
Mainardi has built a 25-year career in several roles at Booz & Company serving some of the firm's most significant clients in large-scale capabilities-driven transformation efforts, while making significant contributions to the firm's intellectual capital. He has co-authored the books The Essential Advantage and Cut Costs Grow Stronger , as well as authored several articles on business strategy published in leading journals.
"We've achieved a tremendous amount under Shumeet's leadership," says Mainardi. "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."
For his part, Banerji says he "is 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."
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