McKinsey & Co. appointed Andrew Pickersgill as its new board chair, separating the role from the global managing partner position for the first time. Pickersgill, a senior partner based in Toronto, takes over oversight responsibilities as the firm attempts to rebuild credibility after years of controversy surrounding past client engagements.

The restructuring addresses criticism of McKinsey's governance practices following scandals involving work with opioid manufacturers and projects in China and Saudi Arabia. Previously, the global managing partner simultaneously led daily operations and chaired the board, creating concerns about self-oversight. The new structure aims to establish clearer boundaries between management and board functions.

All board members remain internal partners, but the appointment signals McKinsey's attempt to strengthen independent oversight. Pickersgill's mandate includes challenging leadership decisions and steering strategic direction, particularly as consulting firms navigate the rise of artificial intelligence. The firm faces ongoing scrutiny over its client selection and ethical standards.

McKinsey's governance overhaul reflects broader pressures facing elite professional services firms to balance profit with accountability. Investors and clients increasingly demand transparency around potential conflicts of interest, making this structural change more than just internal housekeeping.