To our clients and friends,
I am very excited to share two significant leadership appointments at West Monroe Partners. Effective September 1, Kevin McCarty assumed the role of President and Tom Bolger expanded upon his current role being named the Managing Director, Strategic Growth & Seattle office lead.
Most of you know Kevin McCarty, but for those who do not, he co-founded West Monroe Partners along with me and several others in 2002. Since then, he has played a critical role in many facets of our growth. Prior to becoming President, McCarty was the firm’s Executive Vice President and Chicago office lead. Under his leadership over the past five years, the Chicago office has grown by 250 percent and now boasts a team of more than 200 consultants. Kevin also has been instrumental in developing several of our flagship capabilities, including our nationally recognized services for private equity firms. He guided the Private Equity practice from a fledgling offering with a distinctive IT and operational due diligence approach to one that today serves more than 70 leading private equity firms and over time has supported more than 400 transactions with a combined value of over $50 billion.
It is on this foundation of leadership, accomplishment, and superior client service—not simply his status as a co-founder—that we have asked Kevin to assume the role of President. I would argue that one of the most difficult leadership positions to hold is one in a professional services organization comprised of intelligent, highly motivated people. To be a successful leader in our environment, one must earn the support and confidence of all of the members of the organization—from the most senior to the most junior. Kevin has done just that, and we are thrilled to have him step into the role of President, responsible for all of our operating offices and our internal shared services.
Given our significant development as a firm over the last 10 years and our future growth plans, we also recognized the importance of formalizing responsibilities for strategic growth. In addition to founding our Seattle office in 2005 and overseeing its growth to more than 40 employees and 20 active clients across the Pacific Northwest today, Tom Bolger has distinguished himself as one of our firm’s most strategic thinkers—both in his client work and through his involvement in our own strategic planning processes. In his new role, Tom will work with our leadership team to develop and advance strategic growth initiatives, including mergers and acquisitions and new geographic expansion. Tom will also continue to lead our Seattle and West Coast practices.
You may be wondering about my role. I am retaining the title and responsibilities as Chairman & CEO—allowing me to focus the bulk of my time on strategic matters, business development, mentoring our next generation, and key relationships with clients and partners, such as that with our global network including BearingPoint in Europe, rather than on day-to-day operational matters. With talented leaders such as Kevin, Tom, and many others in place around our firm, I believe this is where I can contribute the greatest value.
One of the great things about West Monroe Partners is our emphasis on providing opportunities for our people to step up and take the reins. These leadership appointments are just the latest example of our ability to provide these opportunities. I am excited about the potential—for our own team and for our client relationships.