Michael Fucci ’80
Retired Chairman – Deloitte
Mike Fucci is an experienced board leader and executive with over 40 years as a practitioner and principal at Deloitte, including four years as the Chairman of the Board of the Deloitte US Firms. Mike has provided governance and operational leadership on priority matters such as strategy, leadership succession, risk mitigation, talent development, as well as executive performance and compensation. He has also led client engagements and is a thought leader within the HR consulting market-particularly in the areas of talent strategies, succession management, and HR transformation-as well as in healthcare merger integration.
Mike has been a member of the Deloitte US Board of Directors from 2013-2019 during which time he led the risk and regulatory committee and served on the committee that evaluates performance and recommends compensation for elected leaders. In 2015, Mike joined the Deloitte Global Board of Directors, where he served on the global governance committee and the compensation and evaluation committee.
Mike was elected chairman of the Deloitte US Board of Directors in 2015. During Mike’s tenure as chairman, the Deloitte US Firms’ revenue grew 19% to $19B, and headcount grew 25% to over 5,500 partners and 100,000 employees. He redefined and communicated a clear vision of the role of the board as a governing body that upholds reputational excellence, cultivates leaders and successors, and capitalizes on individual differences. He established a set of board core values to unite and provide a foundation for the board’s responsibilities. He focused on increasing transparency of board activities through open communication and difficult conversations, strengthening Deloitte’s sense of partnership, and enhancing succession processes.
Mike led the modernization of the US Firms’ governing documents (Partnership Agreement), which included pension reform, defining the working relationship between the US and Global Firms, and several process improvements to better manage risk. These modifications were voted into effect by the partners and principals of the firm following a robust communication and change management plan that conveyed transparency, long-term value creation, and support from both the Chairman and the CEO. Additionally, Mike led the establishment of an Elected Leader Succession Committee whose charter is to identify and develop a strong pipeline of future elected leaders.
Mike established and co-chaired the Board Leadership Forum, a coalition of Fortune 500 board chairman and lead directors who convene to discuss research, trends, and perspectives pertinent to today’s evolving business environment. He also chaired the Deloitte Foundation providing strategic oversight of a not-forprofit organization which supports education initiatives in the US. During his consulting career, Mike specialized in health care merger integration and HR transformation, and was named to Consulting Magazine’s distinguished “Top 25 Consultants” list for his work with clients and leadership excellence. He has served clients including Pfizer, Johnson and Johnson, and National Retail Federation. He also served as a senior advisor to several of Deloitte’s strategic accounts, including American Express, JP Morgan, and Northwell Health. Mike led a transformation of Deloitte Consulting’s US Human Capital practice, which grew from under $25 million in revenue to more than $1 billion in eight years. He also served as the Chief Operating Officer for Deloitte Consulting LLP. Mike promotes the benefits of leader-led sponsorship and diversity on boards. He served as a sponsoring executive for the US 30% Club and participated as a mentor in their cross-industry mentoring program for high talent women seeking corporate board positions. He has written and spoken extensively on these topics including features in Fortune, Huffington Post, NACD, CNBC, and at numerous universities and conferences.
Mike attended Montclair State University in New Jersey, where he earned a Bachelor of Science in mathematics. He is a member of the National Association of Corporate Board Directors (NACD), and served as an executive board member on the Council for Competitiveness. He supports the New Jersey Performing Arts Center and has served on the board of directors and as a member of the Human Resources committee. Mike resides in Far Hills, NJ, is married, and the father of three.