New York, NY: Booz & Company's board of directors have elected Cesare Mainardi to be the global strategy 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 move 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.
"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."
Shumeet Banerji, outgoing CEO, commented, "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.
"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 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.
"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."