Burr Pilger Mayer MP Steps Down

Stephen Mayer, MP of San Francisco-based Burr Pilger Mayer Inc. (FY11 net revenue of $70.7 million) stepped down unexpectedly on Aug.1 after 26 years as CEO to lead a new entity tentatively called BPM Ventures.

Russ Burbank, Mike Spence, Marc Berger, and Curtis Burr are overseeing firm operations until a new CEO is named. The firm was named an IPA Best of the Best firm for five consecutive years, from 2004-2009.

“This new venture will hold many of our early stage and entrepreneurial businesses such as Armus, IT Consulting, Financial Planning for smaller clients, NetSuite implementation, and other businesses that may be added from time to time,” Mayer said in an email message to BPM. “By putting these all together in an incubator environment, my goal is to build each of them into successful and self-sufficient businesses, and hopefully provide new opportunities for BPM and the folks who join me in this effort.”

In October, 2011, BPM and Windes & McClaughry (net revenues of $24 million) of Long Beach, Calif., announced their plans to merge. The merger of BPM and W&M would have created the second largest firm on the West Coast, behind Seattle-based Moss Adams, with combined revenues of $100 million. In early Feb., the firm’s backed away from the merger, stating “We believed that combining both firms was the proper strategic direction, but, unfortunately, we could not come to agreement on all of the key issues,” says Windes MP, John Di Carlo.

Mayer will remain active on the board of directors. “I will also continue to be one of the primary market facing persons for the firm with a strong emphasis on business development, community relations, and coaching and mentoring folks here at BPM,” he wrote.