BT appoints BCG partner Michael Sherman as Strategy & Transformation Officer

30 March 2018

BT has appointed BCG Partner Michael Sherman as its first Strategy & Transformation Officer. Sherman begins life in his new role at the beginning of May 2018, having previously led BCG’s Technology, Media and Telecommunications practice in the United States.

Technological disruption and changing consumer behaviour have continued to affect top telecommunications players in recent years. The industry has seen revenues border on stagnation over the past decade, at 0.4% annual growth since 2008. While the industry is keen to develop new digital services and models to meet market challenges, they face a range of barriers – meaning the recruiting of talent specialising in innovative software and technology has become a key goal for the industry, as it bids to fight off challenges from the likes of WhatsApp and Facebook.

International telecom firm BT Group has announced the appointment for its newly-created Chief Strategy and Transformation Officer position. Michael Sherman specialises in three sectors: Telecommunications-Media-Technology(TMT), Digital and IT, and private equity consulting (PE). As a thought leader on many TMT related topics, he has recently published papers on the future of wireless CapEx, Agile common pitfalls, and Future of Networking with the emergence of software defined networking, among other topics.

Sherman joins the group as of May 1st 2018, arriving from management consulting and business strategy firm Boston Consulting Group. He spent 11 years with the consulting firm, eventually rising to the rank of Partner and Managing Director, and leading BCG’s Technology, Media and Telecommunications practice in the United States.

Prior to BCG, Sherman spent seven years as a corporate officer for a supply chain software company focused on fast-moving consumer goods companies. As Executive Vice President at Viewlocity, he was responsible for managing the international marketing and technology organisations of the firm’s solutions. Sherman also has a BS in Computer Science and Electrical Engineering from Duke University, and an MBA from Duke University's Fuqua School of Business.

Sherman’s new role will see him report directly to the telecom giant’s Chief Executive Gavin Patterson. Sherman will work closely with Patterson, the board and BT’s customer-facing units to develop and drive the company’s strategy, customer experience and transformation programmes. The move is Patterson’s latest hire to his executive team, with the former boss of water regulator Ofwat, Cathryn Ross having joined as BT’s Director of Regulatory Affairs in January, alongside Sabine Chalmers, a former Anheuser-Busch InBev executive, who commences work as General Counsel in April 2018.

Commenting on the imminent arrival of Sherman, Patterson said, “I’m delighted Mike has decided to join BT and become part of my executive team. He will be a fantastic addition who will help us to take our strategy, strategic planning and transformation plans to the next level.”

Michael Sherman himself added, “BT is in a great position [as a] global provider of digital services to multinationals and the UK’s leading provider of broadband and mobile. I’m excited to be able to help drive forward the strategy that Gavin and his team are building and bring further insight and focus.”

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Grant Thornton UK appoints five new Partners

23 April 2019

Sergio Cardoso, Matt Maltz, Jessica Patel, Marc Roberts and Nick Warner have been appointed as partners at Grant Thornton. With the company undergoing a year of transition under new leadership, the new members will help consolidate the firm’s offering as it looks to reach new levels of growth in 2019.

2019 sees Grant Thornton’s UK wing undergoing a process of transformation. As the group looks to ensure its teams “provide the right level of support for profitable growth” and create an environment that “makes it easier for our people to do great work”, the firm has announced a succession of senior appointments across its regional divisions.

In February, this saw Chris Petts and James Bulloss named Partner and Director in the North East and Yorkshire respectively. Now, the UK’s sixth-largest auditing and consulting firm has confirmed the installation of a further five Partners across its UK team.

Sergio Cardoso is a long-standing Grant Thornton employee, having joined from Daniel Auerbach & Company – where he was an Accountant – in 2005. Cardoso rose steadily through the ranks since then, taking up his most recent role as Audit and Assurance Director in 2015. In that role, he focused on dynamic, fast-growing and entrepreneurial private companies, as well as multinational and AIM-listed groups. He now takes up the position of Partner in Grant Thornton’s audit practice.

Grant Thornton UK appoints five new Partners

Nick Warner has been appointed as a partner in Grant Thornton’s VAT team based in London. Bringing more than 20 years of experience in tax to the role, Warner joins the firm from Moore Stephens, where he most recently was VAT Partner, during a five-year stay with the firm. Prior to that, Warner was a Partner in VAT at BDO and PKF UK. He also spent five years at HMRC as a Higher Executive Officer.

Matt Maltz is the first of three Partner appointments in Grant Thornton’s real estate tax division. A former EY Partner in real estate tax, Maltz spent 17 years with the Big Four firm. In his new position with Grant Thornton, he will tackle similar client areas, as a Partner in real estate tax.

Jessica Patel has also been promoted as a Partner in the firm’s real estate tax practice, having been with the firm for more than 15 years. Patel joined Grant Thornton as a trainee in 2003. She is a licensed member of both the Association of Tax Technicians and the Chartered Institute of Taxation. As a Partner, Patel will advise a wide variety of clients ranging from UK property investors and developers to overseas investors and property funds.

Marc Roberts is another Big Four alumnus to join Grant Thornton as a Partner. Roberts exited EY to take up his new position, having been an Associate Partner and real estate advisory lead at the company. With more than 25 years of experience in the financial services sector, Roberts also formerly held a Directorship and headed the corporate finance real estate advisory team at fellow Big Four firm PwC.