Boston Consulting Group

Cincinnati Financial Corporation Announces Executive Leadership Transition, Expands Board to 14, Appoints Two New Directors

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Friday, January 26, 2024

Boston Consulting Group, Cincinnati Financial, CSU, Associate, Casualty, CINF, Insurance, Casualty Actuarial Society, Spray, Intelligence, American Academy, Society of Actuaries, Annual general meeting, Marketing, Data science, Growth, Management

"Steve is the ideal candidate to lead the company forward," commented Steve Johnston, chairman and chief executive officer.

Key Points:

"Steve is the ideal candidate to lead the company forward," commented Steve Johnston, chairman and chief executive officer.
Additionally, Mr. Wu was appointed to the audit committee and Mr. Spray to the executive committee of the board, effective immediately.
Spray, age 57, serves as president of Cincinnati Financial Corporation and its U.S.-based subsidiaries.
Johnston noted, "Our shareholders benefit from our highly engaged board of directors who bring their wide range of experiences and skills.

Zurich North America announces key leadership changes in Crop and Direct Markets businesses

Retrieved on:

Thursday, January 25, 2024

SCHAUMBURG, Ill., Jan. 25, 2024 /PRNewswire/ -- Zurich North America, a market leader in insurance and risk management services, announced key leadership changes in its Direct Markets and Crop businesses today.

Key Points:

Jason Meador appointed Head of Direct Markets as Vince Santivasi retires; Dalynn Hoch rejoins Zurich North America to lead RCIS.
SCHAUMBURG, Ill., Jan. 25, 2024 /PRNewswire/ -- Zurich North America, a market leader in insurance and risk management services, announced key leadership changes in its Direct Markets and Crop businesses today.
Meador will continue to report to Zurich North America CEO, Kristof Terryn , as a member of Zurich North America's Executive Committee.
Hoch will report to Zurich North America CEO Kristof Terryn and be a member of Zurich North America's Executive Committee.

Kevin Whelan Named Managing Director of Charlesbank

Retrieved on:

Tuesday, January 16, 2024

Boston Consulting Group, CCBN, Wellington Management Company, Bain Capital, Charlesbank Capital Partners, CFA, University, CPA, Beacon Capital Partners, Arthur Andersen, Management

BOSTON, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Charlesbank Capital Partners, LLC is pleased to announce that Kevin Whelan was elected a Managing Director of the firm, effective January 1.

Key Points:

BOSTON, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Charlesbank Capital Partners, LLC is pleased to announce that Kevin Whelan was elected a Managing Director of the firm, effective January 1.
Since joining Charlesbank as Chief Financial Officer in 2022, Mr. Whelan has proven a valuable leader, serving as a strategic thought partner on a number of transaction, fund and firm-related initiatives and leading the firm’s team of finance professionals.
Commenting on the appointment, Josh Klevens, Charlesbank Managing Director and Chief Operating Officer, said, “I have been consistently impressed with Kevin’s leadership of the finance team and his dedication to serving our investors with high levels of service and transparency.
His leadership, work ethic, financial acumen and character embody our values, and we are pleased to welcome him as a Managing Director of the firm.”
Prior to joining Charlesbank, Mr. Whelan was Managing Director and Chief Financial Officer at Beacon Capital Partners, a Boston-based real estate private equity firm, and previously held finance leadership roles at Bain Capital, CCBN, Wellington Management Company and The Boston Consulting Group.

Matt Holland Appointed CEO of Acuity Insights

Retrieved on:

Tuesday, January 16, 2024

Boston Consulting Group, Organization, Family, BCG, Education, Growth, Management

TORONTO, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Acuity Insights, leading provider of admissions assessment, program management, and analytics solutions for higher education, announces Matt Holland as its new CEO.

Key Points:

TORONTO, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Acuity Insights, leading provider of admissions assessment, program management, and analytics solutions for higher education, announces Matt Holland as its new CEO.
He has guided and led a number of organizations in various capacities, as a board member, advisor, CEO, and founder.
“As we enter an exciting phase in the development and expansion of Acuity Insights, we are very pleased that Matt will lead the company as CEO,” says Bernard Lim, Chair of Acuity’s Board of Directors.
"I'm thrilled to be joining Acuity Insights as CEO at this stage of the company’s growth," says Holland.

A New Year's Resolution for Banks: Unlock $7 Trillion in Value

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Monday, January 15, 2024

Boston Consulting Group, Total, UBS, BCG, AI, Financial institution, Comparison (grammar), Investment, Risk management, Emphasis (typography), Bank, Customer

It finds that at least $7 trillion in value can be created over the next five years.

Key Points:

It finds that at least $7 trillion in value can be created over the next five years.
This corresponds to roughly doubling current valuations and improving price-to-book ratios to 1.25, on average.
It is critical for banks to set their sights on this target not only to create shareholder value but also to meet their obligations to drive economic growth and finance the climate transition.
"Banks cannot just aspire to be technology companies," said Kilian Berz, vice chair of BCG's Financial Institutions practice and a coauthor of the report.

1PointFive and Boston Consulting Group Announce Strategic Agreement for Direct Air Capture Carbon Removal Credits

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Thursday, January 11, 2024

Boston Consulting Group, CO2, Direct air capture, Architecture, IPCC, Partnership, Climate change, CDR, CCUS, BCG, Measurement, Ecosystem, Carbon, DAC, Geography, Climate, MRV, Renewable energy

HOUSTON, Jan. 11, 2024 (GLOBE NEWSWIRE) -- 1PointFive , a carbon capture, utilization, and sequestration (CCUS) company, and Boston Consulting Group (BCG), one of the world’s leading management consulting firms, today announced that BCG agreed to purchase 21,000 metric tons of carbon dioxide removal (CDR) credits over three years from 1PointFive.

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HOUSTON, Jan. 11, 2024 (GLOBE NEWSWIRE) -- 1PointFive , a carbon capture, utilization, and sequestration (CCUS) company, and Boston Consulting Group (BCG), one of the world’s leading management consulting firms, today announced that BCG agreed to purchase 21,000 metric tons of carbon dioxide removal (CDR) credits over three years from 1PointFive.
BCG is collaborating with 1PointFive through consulting services, including to develop business processes that support Direct Air Capture (DAC) CDR credits.
The CDR credits for BCG will be enabled by STRATOS, 1PointFive’s first industrial-scale DAC facility currently under construction.
Under the agreement with BCG, the captured CO2 underlying the CDR credits will be stored through durable geologic sequestration.

TSG Consumer Partners Announces Promotions

Retrieved on:

Thursday, January 11, 2024

Before joining TSG, Mr. Gilmore worked at Active Partners, where he invested in early stage growth companies across the consumer sector.

Key Points:

Before joining TSG, Mr. Gilmore worked at Active Partners, where he invested in early stage growth companies across the consumer sector.
Prior to joining TSG, Mr. DiFelice was an investment banker at Financo, where he advised clients in consumer and retail.
Prior to joining TSG, Mr. Gwalani was a consultant at Boston Consulting Group, where he advised clients in the consumer and retail industries.
Prior to joining TSG, Mr. Pavlakos was a Business Analyst at McKinsey and Company, where he advised clients across the consumer, retail and private equity industries.

Ninety Percent of CEOs Are Waiting for GenAI to Move Past the Hype or Experimenting in Small Ways

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Friday, January 12, 2024

Synthetic media, Boston Consulting Group, Learning, Research, BCG, AI, Organization, RAI, Radar, Growth

"This is the year to turn GenAI's promise into tangible business success," said Christoph Schweizer, BCG's CEO.

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"This is the year to turn GenAI's promise into tangible business success," said Christoph Schweizer, BCG's CEO.
"Almost every CEO, myself included, has experienced a steep learning curve with GenAI.
When technology is changing so quickly, it can be tempting to wait and see where things land.
But with GenAI, the early winners are experimenting, learning, and building at scale."

Regulations, Cybersecurity, and On-going Digitalization Push Data Governance to the Fore as a Client Concern

Retrieved on:

Thursday, January 11, 2024

Boston Consulting Group, Benesch, KPMG, Research, IP, Data governance, Data management, Lawyer, Consultant, Winston & Strawn, PwC, ALM, Risk management, Organization, FTI Consulting, EY, Growth, Sales

NEW YORK, Jan. 11, 2024 /PRNewswire-PRWeb/ -- A new report from Law.com Compass Pacesetter Research (previously known as ALM Intelligence Pacesetter Research) finds that a growing number of business problems have data dimensions, and all too often poor data governance is a primary culprit. This, in turn, has forced professional services providers (lawyers, consultants, technologists, boutiques, multiservice professionals) to incorporate and strengthen data governance hygiene services in their portfolios. So while it is common for client projects to begin with compliance or security issues, they typically end with a data governance framework redesign.

Key Points:

This, in turn, has forced professional services providers (lawyers, consultants, technologists, boutiques, multiservice professionals) to incorporate and strengthen data governance hygiene services in their portfolios.
So while it is common for client projects to begin with compliance or security issues, they typically end with a data governance framework redesign.
This research has also found that how clients think about data governance reflects their relative level of digital maturity.
To learn more about the research or to obtain the full version of the Data Governance report, visit https://www.law.com/lawcom-compass/pacesetter-research-2/ .

Moov Announces Promotion of Rajiv Chegu to Chief Operating Officer

Retrieved on:

Thursday, January 11, 2024

Boston Consulting Group, Automation, Head, Acquisition, IPO, Boston, CB Insights, Private equity, SVP, Retail

TEMPE, Ariz., Jan. 11, 2024 /PRNewswire/ -- Moov , the world's largest and fastest growing marketplace for used semiconductor equipment, today announced that Rajiv Chegu has been promoted to the newly created role of Chief Operating Officer (COO).

Key Points:

TEMPE, Ariz., Jan. 11, 2024 /PRNewswire/ -- Moov , the world's largest and fastest growing marketplace for used semiconductor equipment, today announced that Rajiv Chegu has been promoted to the newly created role of Chief Operating Officer (COO).
Since joining Moov in 2022, Chegu has served as Head of Operations, running the gamut of company operations: people, processes and strategy.
Chegu's promotion signals Moov's plans to continue expanding its global footprint, product footprint, and market penetration.
In 2023, Moov announced expansion of its presence in South Korea and the establishment of a new office in the strategic global semiconductor hub of Taipei .