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Two of Boston Consulting Group’s senior executives will leave their leadership roles in the wake of revelations about the firm’s work in Gaza, according to people familiar with the matter.
Adam Farber, chief risk officer, and Rich Hutchinson, head of BCG’s social impact practice, will lose those jobs following the results of an internal investigation, the firm’s partners have been told.
They would remain at BCG in client-facing roles, the people said. BCG declined to comment.
The two men were named in a Financial Times report last week as having been involved in discussions about BCG’s expanding work related to Gaza, although the firm says they were misled about the exact nature of the project. The firm has already fired the two partners who led the work.
The FT revealed that a BCG team helped model the costs of relocating Palestinians outside Gaza as part of a project examining how the shattered enclave could be rebuilt as a regional trading hub.
BCG staff had also been more involved with the launch of the Gaza Humanitarian Foundation than the firm had publicly acknowledged, the FT reported. GHF is an Israel- and US-backed aid programme designed to replace the UN, whose launch has been marred by the killings of hundreds of Palestinians, according to Gaza’s health ministry.
This is a developing story
