Sneader, 54, did not even make it to the final round of balloting, according to the company executive, who spoke on the condition of anonymity. The last time a firm leader was denied a second term was in 1976, according to the company’s internal history book. It is highly unusual for a sitting managing partner at McKinsey to be refused a follow-on term. Earlier this month, McKinsey had agreed to pay 49 states a historic settlement of almost $600 million because of sales advice the company had given to drugmakers. Sneader a second three-year term as global managing partner came in a vote by more than 600 senior partners, according to a company executive.
Partners at McKinsey & Company voted out the consulting firm’s top executive, Kevin Sneader, this week as it continues to face blowback over its role in fueling the opioid crisis.
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