principal

PHONE: (952) 883-1370
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Mr. Bean is a Principal of McLagan’s Corporate and Consumer Banking Consulting Practice in our Minneapolis office. In addition to compensation consulting, he also advises clients about matters of board function, best practices, structure, and succession planning.

Jim has over 30 years of executive leadership, operations, and consulting experience. A results-oriented leader, he has conducted six successful turnarounds of troubled businesses. Jim has served in executive roles at public and private companies. He has also served as a director on the boards of both for-profit and not-for-profit organizations.  He has consulted to both public and private organizations on executive compensation and benefits as well as management issues.

Prior to joining McLagan, he was Chief Executive Officer of Amalfi Consulting. He was a corporate officer of Clark Consulting, a NYSE company.  While at Clark, he was Chief Integration Officer responsible for the integration of 22 acquisitions over a five year period. He also was President of the Banking Practice, the company’s largest business unit. His career experience includes sales and marketing, international product management, human resources, and operations leadership for manufacturing and financial services firms. Past employers include: Mullin Consulting, Management Compensation Group, and Medtronic.

He recently developed and negotiated a total rewards package for the CEO candidate of a large wealth management enterprise. Special consideration was given to restoring lost equity and pension benefits in a tax-effective manner while also providing retention features.

In another assignment, he evaluated the management team and CEO succession plan of a highly successful Midwest private bank.  Based on his innovative recommendations, clarity was provided around timing, future roles, and development goals to assure a smooth transition.

Jim has a Bachelor of Arts from the University of Minnesota and has also completed post-graduate coursework in the fields of Industrial and Clinical Psychology. He has been a featured speaker at the Bank Executive & Board Compensation Conference with Bank Director and New York Bankers Association.