The partnership board of Grant Thornton LLP has voted unanimously to extend CEO Mike McGuire’s term until July 31, 2021, his mandatory retirement date.
Since McGuire became CEO in January 2015, GT has achieved record-setting revenue. McGuire and his team have also been developing some new capabilities that they hope will transform the professional-services industry in the future.
“Businesses today face constant disruption and have to move at great speed," McGuire said in a statement. "We’ve spent the past four years at Grant Thornton being intentional in executing our strategy and transforming our firm to ensure success in a complex and evolving business environment – and helping our clients do the same. I’m excited to continue on this journey with my teammates at the firm and the clients we serve.”
Before he became CEO, McGuire was part of GT’s senior leadership team as national managing partner of operations. Prior to that, he served as national managing partner of markets, industry, people and culture. He has also worked as managing partner of GT’s Carolinas practice, and has been a member of the firm’s U.S. and global partnership boards. Before joining Grant Thornton, McGuire spent 20 years with Arthur Andersen in various roles, including as audit practice leader for the Carolinas. McGuire has been on more than 40 professional and community boards during his career and is currently a member of the Business Roundtable and the Chicago Economic Club; a governing board member of the Center for Audit Quality; a member of the Advisory Council of the Bechtler Museum of Modern Art; and a trustee of Queens University of Charlotte. He is a CPA in Illinois and North Carolina.
“Mike has led our firm to great success over the past four years on many important fronts, from financial results to culture, and from innovation to quality,” said Dave Wedding, chairman of the partnership board at Grant Thornton, in a statement. “This term extension means Mike can continue to lead Grant Thornton’s ‘Status Go’ approach to helping our clients overcome challenges and create value.”
