Richard I. Lesser to Begin Third Term as CEO in October
BOSTON— The Boston Consulting Group (BCG), one of the world’s leading management consulting firms, announced today that Rich Lesser was elected for a third three-year term as its President and Chief Executive Officer, effective October 1, 2018.
Rich’s re-election comes on the heels of another year of strong, double-digit growth for BCG in 2017 and a remarkable four-year period in which growth has averaged 15% per year. Fueled by this performance, the firm continues to expand its market-leading capabilities to create unique value and advantage for its clients, delivered across 50 countries by 16,000 employees, including more than 1,100 partners.
BCG’s partner group re-elected Rich in a multi-round voting process. Each BCG partner, regardless of seniority, has an equal vote in the CEO election, a reflection of BCG’s collaborative, non-hierarchical culture and unique model of governance and partnership.
“I want to thank my fellow partners for their renewed trust and confidence,” said Rich. “I am enormously honored and energized to continue as BCG’s CEO, and I look forward to continuing to work with our incredibly talented, diverse teams to help our clients thrive in a rapidly changing world.”
Among Rich’s priorities for his third term will be broadening and deepening BCG’s client relationships through focused investments in both industry and functional expertise, including digital, analytics, and other transformative capabilities. He intends to continue strengthening BCG’s people agenda, with a big push on diversity, agile ways of working, and new career path experiences across BCG’s fast-growing and diversifying portfolio of capabilities and businesses. Rich remains deeply committed to BCG’s contributions to society more broadly through the firm’s sustained focus on social impact, working alongside leading global and local institutions.
BCG was founded in 1963 by the late Bruce Henderson and has been led by just six CEOs during the course of its history.
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The Boston Consulting Group (BCG) is a global management consulting firm and the world's leading advisor on business strategy. We partner with clients from the private, public, and not-for-profit sectors in all regions to identify their highest-value opportunities, address their most critical challenges, and transform their enterprises. Our customized approach combines deep insight into the dynamics of companies and markets with close collaboration at all levels of the client organization. This ensures that our clients achieve sustainable competitive advantage, build more capable organizations, and secure lasting results. Founded in 1963, BCG is a private company with offices in more than 90 cities in 50 countries.