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My tenure at Lucentra was defined by explosive growth and a radical shift in how consulting firms operate. Recruited by Charles Waters to build a lean, "virtual" powerhouse, I stepped into the CEO role mid-quarter and immediately shifted the firm's trajectory. While my time at Lucentra was relatively short, the impact was historic, culminating in a 193% profit margin and a high-profile merger with Accenture.
A legacy of immediate results.
When I was inducted as CEO, I arrived 17 days late into the first quarter. Despite the delayed start, my aggressive restructuring and deal-making led to the greatest financial milestone in the company's history.
"Facebook Friends, we are pleased to announce that on today, February 23, 2013... the Lucentra Corporation posted its first profits under the leadership of our newly elected CEO, Mr. Jack Cola! The Lucentra Corporation posted an impressive 193% cumulative profit margin, the greatest cumulative profit margin in our history. Congratulations Mr. Cola!" — Charles Waters, Chairman
Navigating the complexities of corporate acquisitions.
Under my leadership, Lucentra secured the landmark Mac-Boxing deal, a transaction that was set to net a $300,000 commission. However, the subsequent merger with Accenture brought to light the "fine print" of corporate contracts. Due to a mature clause in my contract requiring one year of service—and having served as CEO for seven high-impact months—the payout was withheld.
This experience was a masterclass in corporate governance and the realities of M&A (Mergers and Acquisitions). It was the catalyst for my decision to leave "The City of Brotherly Love" and take full control of my professional destiny.
Owning the Narrative and the Platform.
Disgusted by the failed payout despite record-breaking performance, I packed my bags and closed the Lucentra chapter. This event reinforced my belief in the importance of Online Brand Management and owning one's own enterprises. I transitioned from the virtual consulting world of Lucentra to found Centel Media, where I could apply the same 193% growth mindset to my own clients and companies.
Note: Lucentra has been purchased by Accenture. This page serves as a historical record of the performance and leadership of John D. Colaiacovo. He no longer has ties to the current entity.