Bloomberg News

Booz & Co. Promotes Mainardi to CEO as Banerji Finishes Term

February 12, 2012

(Adds when Mainardi will assume role in second paragraph.)

Feb. 12 (Bloomberg) -- Booz & Co., the management- consulting firm, promoted Cesare Mainardi to chief executive officer from chief operating officer, succeeding Shumeet Banerji, the company said today in a statement.

Mainardi, 49, who is also managing director of Booz’s North American business, will take on the new role by mid-May, according to the statement. Banerji, 51, is nearing completion of a four-year term as CEO, the company said.

Booz & Co. was created after Carlyle Group bought Booz Allen Hamilton Inc.’s government-consulting unit in 2008. The private-equity firm completed an initial public offering of that business, Booz Allen Hamilton Holding Corp., in 2010.

Mainardi, elected by Booz’s board, has worked at the company for 25 years, the company said. Booz & Co. employs more than 3,300 people in 60 offices around the world, according to the statement.

--Editors: David Marino, Mike Millard

To contact the reporter on this story: Lee Spears in New York at lspears3@bloomberg.net

To contact the editor responsible for this story: Jennifer Sondag at jsondag@bloomberg.net


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