Randy Shumway

Latter-day Saint MBA Podcast

Randy Shumway founded Cicero Group (www.cicerogroup.com) in 2001. It began humbly, with four
people working out of Randy’s house. Today, Cicero has grown to a highly respected, global management
consulting firm, rated one of the globe’s top 50 overall consulting firms, and one of the five best
consulting firms in the world to work for, with offices located across the United States.
In 2016, Randy was awarded Utah’s CEO of the Year and in 2017, Randy was recognized with Utah’s
Lifetime Accomplishment award.

Randy’s vision in founding the company was for Cicero to reside at the crossroads of data, strategy, and
transformation, with Cicero helping organizations – both traditional for-profit operations as well as non-
profit and educational institutions – make and implement better, evidence-based decisions.

During his 21 years at Cicero, Randy has led multiple strategy, transformation and operational excellence
engagements for Fortune 1000 clients as well as non-profits and government entities. His experience
spans such sectors as High Tech, Telecommunications, Life Sciences, Manufacturing, Financial Services,
Non-Profit, Government, and Education.

Prior to starting Cicero, Randy was an Executive Vice President and Managing Director at Answerthink
(Nasdaq: ANSR), a 2,500-person global consulting firm. Before completing graduate school, Randy
worked for Bain & Company and Dow Chemical.

From 2010 - 2019, Randy served as Economic Advisor to Zions Bank and as an Adjunct Professor of
Strategy at the University of Utah David Eccles School of Business.

Today, Randy serves on the University of Utah Board of Trustees and on the State of Utah Homeless
Board. He serves on two corporate boards, a publicly traded software company and a privately held
hospitality company, and multiple state and community volunteer, service-oriented boards. He is a
prolific author in the Deseret News and in Forbes regarding effective education and economic public
policy.

Randy obtained his MBA from Harvard Business School, graduating with highest academic honors
(Baker Scholar). He earned bachelor’s degrees in Business Management and in Political Science from
Brigham Young University. He speaks Mandarin Chinese, having lived in Taiwan for two years as a
volunteer Christian missionary.

Randy is married to Maureen Shumway and is the father of five. Maureen has a Bachelor of Science in
Nursing and a Master of Science in Early Childhood Development. She is a pediatric nurse at Primary
Children’s Hospital and is currently completing her Doctor of Nurse Practitioner, Pediatrics at the
University of Utah. The Shumways live in Salt Lake City, Utah.