Mark B. Fuller, Monitor’s co-founder, Chairman and CEO, has announced his resignation from all of his current executive, managerial and governance roles and titles at the Firm, and that he will now focus on developing elements of Monitor’s next generation of intellectual property.

In a letter to Group Leaders and Limited Partners on Monday, May 2, Mr. Fuller said:  “The Partnership as a whole has demonstrated both the will, and the skill, to determine its own destiny, and is now fully empowered to do so.  This is a joyous outcome for me.”

Acknowledging Mr. Fuller’s unique contributions to the leadership of the Firm for almost thirty years, Monitor’s Managing Partner Stephen M. Jennings stated, “Mark has been working towards this outcome for several years, and he and I have been collaborating closely for more than six months to ensure a smooth transition. No one can ever replace Mark. His vision, intellect, entrepreneurship and energy have immeasurably defined our Firm. And I personally will greatly miss his wise counsel and guidance. However, I am delighted that Monitor has matured and evolved sufficiently to enable him now to set aside the responsibilities he has carried for so long on our behalf. We look forward to benefitting from his remarkable talents as he returns to his core passion – the rapid evolution of new IP and thought leadership that underpin extraordinary service to our clients.”

Here is the full text of Mr. Fuller's letter:

Thirty years ago, seven individuals resolved that it was time to challenge the conventions of the consulting world, through the introduction of novel content and by framing a new concept of professional community. We did not know what we were doing, but through persistence, reinforced by a lot of good luck, the result was Monitor. I have had the extraordinary privilege of leading our Firm for most of my adult life. That has been an honor, and a source of enormous pride. It has also taken me on a long voyage of change, and of learning. And one of the things we all learn over time is that nothing lasts forever.

Several years ago, I concluded that, for our community to continue to mature and prosper, we needed to establish more sustainable structures and processes, ones which would require diminished support from the Founders generally, and from me specifically. In recent years, encouraged by the financial crisis, we have made enormous strides in building those structures and in implementing those processes. Steve, Bob and others have navigated our Firm very effectively through multiple, and daunting, challenges. The Partnership as a whole has demonstrated both the will, and the skill, to determine its own destiny, and is now fully empowered to do so.

This is a joyous outcome for me. Professionally, I am delighted that Monitor is so well positioned to continue to challenge and change our industry, and our world, by innovating distinctive content and by providing unmatched client service. Personally, this success has created the opportunity for me to set aside many of the responsibilities that I have willingly shouldered until now.

Last Thursday, therefore, I informed our Board that I will, in the near future, resign from all of my executive, managerial, and governance roles at Monitor. I will relinquish all of my current titles, serve on no committees, undertake no professional development duties, and withdraw from client service. This represents a profound change – for me and for our Firm. But it is a change that we have long worked towards, and one which I embrace with enthusiasm and gratitude. And I trust that it will be recognized for what it is – a clear indication of my confidence in our future, as a committed Partnership under its own, self-determined, leadership.

I will retain a significant relationship with the Firm going forward, not only as a shareholder, but by engaging in certain focused activities. My primary passion today is what it has been since the inception of the Monitor story: discovering and developing the most compelling and relevant ideas and theories of our times, and translating them into actionable applications which enable great clients to fulfill their most audacious dreams and to address their most pressing challenges. For me, that is our fundamental raison d'être – and the source of our most compelling differentiation and impact. I believe that I can make contributions in the content domain and, therefore, intend to lead a team aimed at further developing certain elements of Monitor's next generation of intellectual property. While very different from the more over-arching roles I have played historically, I am very excited about providing this, more focused, contribution to our collective future success.

Finally, I wish to thank all of the members of the Monitor community, and most particularly, my co-Founders, for the unique opportunity and rare privilege of serving as the Firm's Chairman and CEO. For this I will, in the literal sense of the phrase, be eternally grateful. I wish all of you the best, and anticipate great things for this, our Firm, which has, and always will be, a central passion of my life.