CHICAGO - West Monroe Partners, a national business and technology consultancy, today announced that it has appointed Zach Jones to chief financial officer, effective August 1, 2018. Jones, currently the director of finance, succeeds Holly Kay, who has served as the firm's CFO since 2006.
During Kay's tenure, West Monroe has grown its annual revenues by more than $200 million – a 35% compound annual growth rate – and today is a $250 million organization with 10 offices and nearly 1,000 people. She helped the organization maintain profitable operations during both high-growth and challenging, recessionary periods.
Jones joined West Monroe in 2011. He plays an integral role in West Monroe's financial strategy and function and is a trusted advisor to leaders across the company. He has twice served as the firm's interim CFO. Kay is leaving West Monroe effective September 30 to spend more time with her family.
"Zach Jones has demonstrated that he is more than ready for this role and challenge, and I couldn't be more confident in his ability to help us continue to grow West Monroe," said Kevin McCarty, president and CEO. "We will dearly miss Holly Kay's leadership and most of all, friendship and dedication to her teams. Her accomplishments here over the past 11 years are nothing short of remarkable. Holly and Zach have been preparing for this moment since Holly's family relocated to Florida several years ago, pursuing a carefully orchestrated succession plan that enables a seamless transition in leadership."
Jones has been involved in virtually every major business initiative during his tenure with West Monroe, including the firm's 2012 conversion to an employee stock ownership plan (ESOP), projects to improve financial reporting and forecasting, and multiple acquisitions. Prior to joining West Monroe, Jones was director of transaction services for KPMG. He was responsible for developing business relationships with private equity clients and providing financial due diligence and business analysis services in conjunction with portfolio company acquisitions.
"It has been a privilege to contribute to West Monroe's success over the past seven years, and I am excited and motivated by the opportunity to serve as the CFO during our next stage of growth," Jones said. "I can't thank Holly Kay enough for the exemplary leadership and mentoring that has resulted in the high-performing and highly effective financial operations we have in place today."
In addition to serving as CFO, Kay built out West Monroe's Finance & Accounting function, oversaw creation of the firm's Shared Services organization, and led several internal functions, including Information Technology, Quality Assurance, and Real Estate & Facilities – all critical parts of a foundation that is necessary for supporting rapid growth. She also has assisted leadership in developing and executing organic growth and geographic expansion strategies, as well as guiding the firm through its ESOP conversion. In 2017, Kay was recognized by the Financial Executives International as a finalist for the 2017 Chicago CFO of the Year.
"This opportunity for Zach Jones to assume the role of CFO exemplifies our mission of striving to build the next generation of leaders. While I will miss being part of this dynamic and growing organization, I know that the Finance and Shared Services teams are in very capable hands," Kay said. "I want to thank Kevin McCarty, our other leaders, and all of the employee owners of West Monroe for the experience of being part of such a special and unique place over the past 11 years."
About West Monroe Partners
West Monroe is a national business and technology consulting firm that partners with dynamic organizations to reimagine, build, and operate their businesses at peak performance. Our team of more than 950 professionals is comprised of an uncommon blend of business consultants and deep technologists. This unique combination of expertise enables us to design, develop, implement, and run strategic business and technology solutions that yield a dramatic commercial impact on our clients' profitability and performance. For more information, visit http://www.wmp.com.
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