McKinsey elects Bob Sternfels as new global managing partner
Sternfels has been with McKinsey since 1994
San Francisco — McKinsey & Co announced that Bob Sternfels was elected its new global managing partner, as the consulting firm seeks to move past a rocky era that included paying $573m in fines for providing advice to pharmaceutical companies that helped fuel the US’s opioid crisis.
The firm on Wednesday named Sternfels, a San Francisco-based partner and head of its client capabilities unit, to a three-year term starting July 1. Sternfels replaces Kevin Sneader, whom the firm’s senior managing partners voted in February to remove. McKinsey holds an election for the post every three years, with each executive allowed to serve only two terms. Sneader served one...
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