Randy W. Shumway (born November 24, 1971) is the founder and CEO of Cicero Group. [1] In 2017, he was recognized as CEO of the Year in Utah and received a Lifetime Achievement award from Utah Business. [2] In 2019, Shumway was appointed to the University of Utah Board of Trustees [3] and in 2021 was appointed to the Utah Homelessness Council. [4] Shumway serves on multiple philanthropic as well as corporate boards.
Shumway obtained his MBA from Harvard Business School, where he graduated in the top 5% of his class. [5]
Shumway worked for Bain & Company as a senior associate prior to attending Harvard University. [6]
From 2010 to 2018 Shumway was the economic advisor to Zions Bank [7] From 2012 to 2019 he was an adjunct professor at University of Utah's David Eccles School of Business. [8] He has also served on the board of the Utah Economic Council [9] and the Utah Education Excellence Commission. [10] Shumway was elected to a four-year term (2002–2006) on the Governing Board of the Dublin Unified School District in Alameda County, California. [11]
In early 2001, Shumway started Cicero Group, a data-driven strategy firm. Cicero Group is headquartered in Salt Lake City, Utah, with additional offices in Dallas, Texas, and Washington D.C. The firm has been recognized with such awards as:
“No. 43 Fastest Growing Firms” in North America 2018 by Consulting magazine [12]
“Top 50 Consulting Firms” in North America 2018 by Vault.com [13]
Utah “Best of State” award
Utah Department of Workforce Services Best Places to Work [18]
MountainWest 100 [19]
Shumway is married to the former Maureen Ryder, a pediatric nurse practitioner. They are the parents of five. [20]
Shumway writes for the Deseret News and Forbes on business and economic issues. [21] [22]
Clayton Magleby Christensen was an American academic and business consultant who developed the theory of "disruptive innovation", which has been called the most influential business idea of the early 21st century. Christensen introduced "disruption" in his 1997 book The Innovator's Dilemma, and it led The Economist to term him "the most influential management thinker of his time." He served as the Kim B. Clark Professor of Business Administration at the Harvard Business School (HBS), and was also a leader and writer in the Church of Jesus Christ of Latter-day Saints. He was one of the founders of the Jobs to Be Done development methodology.
Jon Meade Huntsman Sr. was an American businessman and philanthropist. He was the founder and executive chairman of Huntsman Corporation, a global manufacturer and marketer of specialty chemicals. Huntsman plastics are used in a wide variety of familiar objects, including (formerly) clamshell containers for McDonald's hamburgers. Huntsman Corporation also manufactures a wide variety of organic and inorganic chemicals that include polyurethanes, textiles, and pigments. Huntsman's philanthropic giving exceeded $1.5 billion, focusing on areas of cancer research, programs at various universities, and aid to Armenia.
Sunil Bharti Mittal is an Indian billionaire businessman and philanthropist. He is the founder and chairman of Bharti Enterprises, which has diversified interests in telecom, insurance, real estate, education, malls, hospitality, Agri and food besides other ventures. Bharti Airtel, the group's flagship company is one of the world's largest and India's largest telecom company with operations in 18 countries across Asia and Africa with a customer base of over 399 million. Bharti Airtel clocked revenues of over US$18 billion in FY2023. In 2023 he was ranked the 10th richest person in India by Forbes, with an estimated net worth of US$14.8 billion.
Kearney is an American global management consulting firm with offices in more than 40 countries worldwide. Kearney's predecessor firm was founded in Chicago by James O. McKinsey in 1926; he hired Andrew Thomas "Tom" Kearney as his first partner in 1929. After James McKinsey died in 1937, the Chicago office split into its own company, led by Tom Kearney and called McKinsey, A.T. Kearney, and Company. In 1947, it was renamed A.T. Kearney and Company.
Analysis Group, Inc. (AG), founded in 1981 by economists Bruce E. Stangle and Michael F. Koehn, is an economic consulting firm based in North America. It provides economic, financial, and strategic analysis and expert testimony to law firms, corporations, and government agencies.
Ronald Allen Williams is an American businessman and board director on corporate, public sector and non-profit boards. Williams is the author of Learning to Lead: The Journey to Leading Yourself, Leading Others, and Leading an Organization, which appeared on The Wall Street Journal's best seller list. He is founder, chairman and CEO of RW2 Enterprises, LLC. He is the former chairman, president and chief executive officer (CEO) of Aetna Inc., a diversified benefits company. Aetna is now part of CVS Health.
Indra Nooyi is an American business executive who was the chairman and chief executive officer (CEO) of PepsiCo.
Oliver Wyman is an American management consulting firm. Founded in New York City in 1984 by former Booz Allen Hamilton partners Alex Oliver and Bill Wyman, the firm has more than 60 offices in Europe, North America, the Middle East, and Asia-Pacific employing over 5,000 professionals. The firm is part of the Oliver Wyman Group, a business unit of Marsh McLennan.
Patricia W. "Pat" Jones is an American politician from Utah. A Democrat, she was a member of the Utah State Senate from 2006 to 2014, and currently runs the Women’s Leadership Institute in Utah. She is also senior adviser at Cicero Group, a research and strategy firm in Salt Lake City.
Anand Gopal Mahindra is an Indian billionaire businessman, and the chairman of Mahindra Group, a Mumbai-based business conglomerate. The group operates in aerospace, agribusiness, aftermarket, automotive, components, construction equipment, defence, energy, farm equipment, finance and insurance, industrial equipment, information technology, leisure and hospitality, logistics, real estate and retail. Mahindra is the grandson of Jagdish Chandra Mahindra, co-founder of Mahindra & Mahindra.
Matthew Scott Holland has been a general authority of the Church of Jesus Christ of Latter-day Saints since April 2020. He previously served as the 6th president of Utah Valley University (UVU) in Orem, Utah, and its first president after UVU was granted university status.
Robert Christopher "Bob" Gay has been a general authority of the Church of Jesus Christ of Latter-day Saints since 2012. He has been a member of the church's Presidency of the Seventy since March 2018. Prior to becoming a general authority, Gay was the managing director, co-founder, and chief executive officer of Huntsman Gay Global Capital (HGGC), a private equity firm headquartered in Palo Alto, California, with offices in Florida, Massachusetts, and Utah.
Bain & Company is an American management consulting company headquartered in Boston, Massachusetts. The firm provides advice to public, private, and non-profit organizations. One of the Big Three management consultancies, Bain & Company was founded in 1973 by former Group Vice President of Boston Consulting Group Bill Bain and his colleagues, including Patrick F. Graham. In the late 1970s and early 1980s, the firm grew rapidly. Bill Bain later spun off the alternative investment business into Bain Capital in 1984 and appointed Mitt Romney as its first CEO. Bain experienced several setbacks and financial troubles from 1987 to the early 1990s. Romney and Orit Gadiesh are credited with returning the firm to profitability and growth in their sequential roles as the firm's CEO and chairman respectively.
Virginia "Ginni" Rometty is an American business executive who was executive chairman of IBM after stepping down as CEO on April 1, 2020. She was previously chairman, president and CEO of IBM, becoming the first woman to head the company. She retired from IBM on December 31, 2020, after a near-40 year career there. Before becoming president and CEO in January 2012, she first joined IBM as a systems engineer in 1981 and subsequently headed global sales, marketing, and strategy.
West Monroe is a digital services firm headquartered in Chicago, Illinois. West Monroe provides traditional management consulting, creative and product engineering services to businesses across many industries, including consumer and industrial products, energy and utilities, financial services, healthcare, life sciences, private equity, retail, and software and high tech. West Monroe is consistently recognized as a best place to work and a top consulting firm. West Monroe’s tagline is "Don’t Do Digital. Be Digital."
Richard Lesser is an American businessman who has been the chair of American management consultancy Boston Consulting Group (BCG) since 2021. He previously was CEO from 2013 to 2021.
Karen Gail Miller, is an American businesswoman. Following the death of her husband, Larry H. Miller, she assumed the role of chairwoman of the Larry H. Miller Group (LHM) of Companies, now known as the Larry H. Miller Company (LHMCO). From 2009 until the sale of the team in 2020, she maintained a majority interest in the Utah Jazz, a National Basketball Association (NBA) franchise located in Salt Lake City, Utah. As of 2023, she continues to retain a minority stake in the team and its associated businesses. Miller is a major supporter of Big League Utah, a campaign to bring a Major League Baseball team to Utah. She engages in philanthropy through her family foundation.
Punit Renjen is an Indian-American businessman who has been chief executive officer of the multinational professional services firm Deloitte since June 1, 2015. Previously, Renjen was chairman and CEO of Deloitte Consulting LLP, and later, held the role of chairman of Deloitte LLP from 2011 to 2015. Effective December 31, 2022, Renjen became Global CEO Emeritus of Deloitte.
Blake David Moore is an American politician and former diplomat from the state of Utah. He is the U.S. representative for Utah's 1st congressional district, serving since January 2021. Since November 8, 2023, he has been vice chair of the House Republican Conference.
Cydni Tetro is an American CEO, speaker, and serial entrepreneur.
