Boston, MA – FCLTGlobal announced today that Bob Sternfels, Global Managing Partner of McKinsey & Company, has joined its board of directors. McKinsey is a founding member of FCLTGlobal, having co-founded the original Focusing Capital on the Long Term initiative in 2013.
Sternfels is the 13th global managing partner to lead McKinsey since its founding in 1926. As a former leader of the firm’s operations practice in the Americas and private equity & principal investors practice globally, Bob led McKinsey’s client capabilities globally to ensure the organization continued to meet the changing needs of its clients around the world. This work significantly expanded McKinsey’s capabilities in several key areas, such as digital, advanced analytics, implementation, transformation, and sustainability, and included the April 2021 launch of its Sustainability Practice.
Sternfels said: “It’s never been more important for leaders to take a long-term view on strategy and capital allocation. Today, businesses must grow while building resilience, addressing climate change, and assuring workforces are ready for the jobs of the future. This is the key to building value for shareholders and stakeholders alike in an increasingly complex world. I look forward to supporting the FCLT in its important mission to focus capital on the long term and, in doing so, advance a more sustainable and inclusive economy for all.”
As global managing partner, Sternfels chairs McKinsey’s elected board of directors and is a member of the McKinsey Institute for Black Economic Mobility advisory council and a sponsor of its Women in the Workplace research. He is also active in key business institutions and involved with several global initiatives related to the improvement of business and society, including the Business Roundtable, the Asia Business Council, the Fortune CEO Initiative, the New York Jobs CEO Council, the Tsinghua SEM Advisory Board and Trilateral Commission. He has spoken at events hosted by the World Economic Forum, Bloomberg, and several other leading organizations.
FCLTGlobal’s board directors hold leadership roles within its member organizations. Members participate in action-oriented programming, fund ongoing operations, and actively contribute to current research initiatives that promote long-term-oriented strategies for companies and investors worldwide.
“Since we began FCLTGlobal, McKinsey’s leadership and staff have played a critical role in the creation of our research and the advancement of our mission. Bob’s experience and insight will help us continue to build the organization that McKinsey helped to create more than five years ago,” said Sarah Keohane Williamson, FCLTGlobal’s CEO and a member of the board, ex-officio.
FCLTGlobal’s full Board of Directors and Strategic Advisory can be found below:
Board of Directors
Carmine Di Sibio, Global Chairman and CEO, EY
Adena Friedman, CEO and President, Nasdaq
John Graham, President & CEO, CPP Investments
Peter Harrison, Group Chief Executive, Schroders
Alan Jope, CEO, Unilever
Kewsong Lee, Co-Chief Executive Officer, The Carlyle Group
Chow Kiat Lim, CEO, GIC
Geraldine Matchett, CFO, Royal DSM
David Neal, CEO, Future Fund
Kevin Sneader, Co-Head of Asia Pacific (ex Japan), Goldman Sachs
Bob Sternfels, Global Managing Partner, McKinsey & Company
Howard Ungerleider, President and CFO, Dow Chemical Company
Theresa J. Whitmarsh, Executive Director, Washington State Investment Board
Sarah Keohane Williamson, CEO, FCLTGlobal (ex-officio)
Mark Wiedman, Senior Managing Director, BlackRock
Ronald Wuijster, CEO, APG Asset Management
Lei Zhang, Founder and CEO, Hillhouse Capital Group
Strategic Advisors
Else Bos, Executive Director and Chair of Prudential Supervision, De Nederlandsche Bank
Natarajan Chandrasekaran, Chairman, Tata Sons
Larry Fink, Chairman and CEO, BlackRock
Lady Lynn Forester de Rothschild, Founder and Chief Executive, Coalition for Inclusive Capitalism
Martin Lipton, Founding Partner, Wachtell, Lipton, Rosen & Katz
Andrew N. Liveris, Senior Advisor, Teneo
Nitin Nohria, Dean of Harvard Business School
Paul Polman, Co-founder, IMAGINE
Mark Weinberger, Former Global Chairman and CEO, EY
# # #
About FCLTGlobal
FCLTGlobal’s mission is to focus capital on the long term to support a sustainable and prosperous economy. We are a non-profit organization whose members are leading companies and investors worldwide that develops actionable research and tools to drive long-term value creation for savers and communities. Please visit www.fcltglobal.org to learn more.
About McKinsey & Company
McKinsey is a global management consulting firm committed to helping organizations accelerate sustainable, inclusive growth. We work with clients across the private, public, and social sectors to solve complex problems and create positive change for all their stakeholders. We combine bold strategies and transformative technologies to help organizations innovate more sustainably, achieve lasting gains in performance, and build workforces that will thrive for this generation and the next.
Media Contact
Ross Parker, [email protected], +1 508 667 5451
Press Release
14 December 2021 - FCLTGlobal today announced its partnership with Votorantim S.A., the centenarian Sao Paulo-based family-owned investment company. Becoming the first Latin American member, Votorantim joins FCLTGlobal’s network of more than seventy leading investors and companies who work to advance the organization’s mission focusing capital on the long term to support a sustainable and prosperous economy.
Press Release
6 December 2021 - FCLTGlobal’s FCLTCompass project finds that global investors became shorter-term in 2020
Metrics | Press Release
9 November 2021 - FCLTGlobal joins with Nasdaq and the Institutional Limited Partners Association (ILPA) to enhance DEI within private markets through a new Diversity Metrics Template and data collection platform for limited partners GPs and LPs.