The head of the international consulting company McKinsey, Kevin Snyder, will lose his post by decision of the management, writes the Financial Times.
Against the backdrop of a “string of crises”, the company’s partners supported Snyder’s resignation, preventing him from entering the final round of voting to determine the owner of the position of global manager.
All five predecessors of the 54-year-old Scotsman have worked for at least two three-year terms, some managed to stay for three or even four, so the fact that Snyder will step down after the first three years was a surprise to some insiders. It is clarified that over the past 45 years he is the only one who failed to complete two terms.
Commenting on the reasons for the management’s decision, sources point to a number of scandals in which McKinsey appears. At the same time, it is noted that the incidents, in fact, occurred before Snyder was elected to the post in July 2018, but he had to deal with the settlement of these situations.
Bob Sternfels and Sven Smith, heads of McKinsey offices in San Francisco and Amsterdam, are currently applying for the post held by Snyder. Both of them managed to reach the final stage of voting.