Rich Lesser

Richard "Rich" Lesser (born 1962) is an American businessman who has served as the CEO of American global management consultancy the Boston Consulting Group (BCG) since 2013.[1]

Richard "Rich" Lesser
Rich Lesser at the 2012 World Economic Forum in Davos
Born1962
CitizenshipAmerican
Alma materUniversity of Michigan (BS)
Harvard Business School (MBA)
OccupationManagement consultant, strategist
EmployerBoston Consulting Group
TitleCEO

Early Life and Education

Lesser grew up in Pittsburgh, Pennsylvania during the 70's:[2] a time of economic hardship for the city due to the implosion of the steel industry at the time.

He holds an MBA from Harvard Business School, where he was a Baker Scholar, and a bachelor's degree in Chemical Engineering, summa cum laude, from the University of Michigan.[3]

Career

Lesser started his career as a process development engineer and group leader at Procter & Gamble.[4] In 1988, Lesser joined BCG as a consultant. He served as the head of the New York Metro office system from 2000 to 2009, and as BCG's Chairman for North and South America from 2009 to 2012.[5] He was elected to the firm's Executive Committee in 2006.[6] Since joining BCG in 1988, Lesser's client work has focused on strategy, operations, leadership, and large-scale transformation.[5] It is claimed he played a pivotal role in helping BCG become the only global management consulting firm to grow strongly through the 2008 recession.[7]

In May 2012, he was named the successor of Hans-Paul Bürkner as the Global Chief Executive Officer of The Boston Consulting Group.[8] Under his leadership, BCG has continued its strong global growth across all regions an practices, fueled by investments in new offices, digital and analytics, and capabilities to drive innovation and transformation.[5] Lesser oversaw the launch of BCG Digital Ventures, a builder and accelerator of digital businesses; BCG Gamma, an analytics and machine-learning team; and BCG TURN, a turnaround, restructuring, and transformation unit;[9] and more recently, the Center for Climate Action.[10]

In October 2018, Lesser began a third three-year term as CEO of Boston Consulting Group.

Other Involvements

Lesser also serves as chief advisor to the World Economic Forums's (WEF) Alliance of CEO Climate Leaders, is on the Board of Directors of the Business Roundtable, and is a member of the WEF's International Business Council.[10] He has accelerated BCG's strong investments in social impact through its many partnerships, including the World Food Programme, Save the Children, and the World Wildlife Fund.[5]

In December 2016, Lesser joined a business forum assembled by then president-elect Donald Trump to provide strategic and policy advice on economic issues.[11]

Personal life

Lesser is married and has three children.[12]

References

  1. "Rich Lesser; World Economic Forum". World Economic Forum. Retrieved 16 October 2020.
  2. Schmitt, Jeff. "Executive Q&A: Boston Consulting Group CEO Rich Lesser". Poets & Quants. Retrieved 16 October 2020.
  3. "Notable Alumni". Alumni Association of the University of Michigan. Retrieved 2017-08-22.
  4. "Executive Profile: Richard I. Lesser". Bloomberg Businessweek. 2013-03-17. Retrieved 2013-05-12.
  5. "Business Roundtable". Business Roundtable. Retrieved 16 October 2020.
  6. "BCG Press Release". Thomson Reuters. 2013-01-09. Retrieved 2013-05-12.
  7. "Top 25 Consultants, 2009: Rich Lesser". Consulting Magazine. 2009-06-01. Retrieved 2013-05-12.
  8. "The Boston Consulting Group Names Rich Lesser New President and CEO". The Boston Consulting Group. 2012-05-20. Retrieved 2013-05-12.
  9. "The Boston Consulting Group Launches BCG Digital Ventures, a Digital Innovation, Product Development, and Commercialization Firm". Retrieved 2018-08-17.
  10. "Rich Lesser: World Economic Forum". World Economic Forum. Retrieved 16 October 2020.
  11. Bryan, Bob (2 Dec 2016). "Trump is forming an economic advisory team with the CEOs of Disney, General Motors, JPMorgan, and more". Business Insider. Retrieved 1 June 2017.
  12. Consultancy.uk (7 June 2012). "Richard Lesser CEO of the Boston Consulting Group". Consultancy.UK. Retrieved 16 October 2020.
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