West Monroe Appoints TED CEO Jay Herratti to Board of Directors
Herratti brings extensive digital business and leadership experience
CHICAGO, Jan. 10, 2023 /PRNewswire/ -- West Monroe, one of the fastest-growing digital services firms, today announced the appointment of Jay Herratti to its Board of Directors. Herratti is CEO and Executive Director of TED Conferences LLC, a not-for-profit conference and digital media organization devoted to bringing ideas worth spreading to communities all over the world.
With a track record for building and guiding successful digital businesses, Herratti will provide guidance to West Monroe as the award-winning consultancy advances its strategy to become a major player in digital services across the globe. West Monroe has announced key steps in its growth strategy, including a $250 million investment toward building a global product development platform.
In conjunction with MSD Private Capital's 2021 investment in a 50% ownership stake of West Monroe, the firm restructured its governance to include representation from MSD and West Monroe. Herratti is the second external member of the current board, joining Laurie Lovett, appointed in November 2022.
"Jay Herratti's long-standing passion for all things digital, combined with his global experience as a CEO, strategist and advisor, makes his voice on our board particularly valuable as we take the next steps in our growth and expansion," said Kevin McCarty, West Monroe's chairman and CEO. "His talent for detecting emerging patterns, capitalizing on disruptive opportunities, and encouraging confident decision-making will be powerful assets for our business as we make bold moves."
Herratti joined TED in 2014 as executive director for TEDx and was named CEO in April 2021. During his tenure, he has helped the organization grow and evolve its business model, while applying technology and digital systems to unlock the full potential of TED's global community. Much like TED sits at the intersection of multiple digital disciplines like tech, business, design and much more, West Monroe brings together multidisciplinary teams, with varying lenses and experiences, to power new possibilities. Previously, he held senior leadership positions with IAC, CityGrid Media, HSN, Federated Department Stores, The Boston Consulting Group, and GE Capital. He earned a degree in marketing from the University of Maryland and an MBA from INSEAD.
In addition to being a member of TED's board, Herratti serves on the Board of Directors of Vimeo, a digital video SaaS company. He is a past board member of Constant Contact, Inc., a SaaS email marketing company, and Nutrisystem, Inc., a weight management company
"Having spent a good part of my career helping companies navigate the evolution to digital business, I know what to look for in a digital services organization. West Monroe doesn't just have a very compelling vision—it has carefully assembled the necessary expertise and capabilities to back that up," Herratti said. "The next few years will be exciting ones for West Monroe, and I look forward to contributing my experience to create new value to the firm and its clients, people, and investors."
Herratti's appointment began in December.
About West Monroe
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SOURCE West Monroe Partners