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Accenture looks to the future with new CEO
- 12 July, 2019 09:33
Julie Sweet (Accenture)
Accenture has appointed Julie Sweet as new chief executive officer as the global technology integrator charts a new course following the passing of former leader Pierre Nanterme in January.
Effective 1 September, David Rowland, currently interim CEO, has been appointed executive chairman, while Marge Magner, currently non-executive chair of the board, will resume her role as lead independent director.
Sweet currently heads the Accenture business in North America, overseeing the provider’s largest geographic market with revenues of approximately $18 billion for fiscal 2018, which represents almost 50 per cent of global revenues.
“I look forward to continuing to work closely with our exceptional senior leadership team, along with David, as our executive chairman, and our entire board of directors,” Sweet said. “Accenture has the most talented people and group of leaders in our industry.
“Together, we will capture the next waves of growth for Accenture by remaining laser-focused on serving our clients, creating significant value for our shareholders and providing the best career experiences for our people.”
Previously, Sweet was Accenture’s general counsel, secretary and chief compliance officer. As a member of Accenture’s senior leadership team for nearly a decade, Sweet has played an "integral role" in the company’s business and investment strategy.
Prior to joining Accenture, Sweet was a partner for 10 years in the law firm of Cravath, Swaine & Moore LLP. Upon assuming the role of chief executive officer, Sweet will join the company’s board of directors.
“Julie is the right person to lead Accenture into the future, given her strong command of our business and proven ability to drive results in our largest market,” Rowland added. “We are on a positive growth trajectory at Accenture and are very well-positioned to continue building on our strong momentum.
“I am so pleased and proud that Julie will lead our company, and I am excited to work with her - along with our entire senior leadership team - to ensure a seamless transition and on Accenture’s next phase of growth and market leadership.”
As executive chair, Rowland will chair the board of directors, act as an advisor to Sweet and be involved in Accenture’s long-term business strategy.
“David has been an exemplary leader as interim chief executive officer during this time of transition, with a steadfast commitment to driving Accenture’s business and building on our strong momentum. We are grateful for his leadership and stewardship,” Magner said. “With Julie as chief executive officer and David as executive chair, Accenture has a powerful advantage in the marketplace.”
Accenture confirmed that there is no change to the business outlook for the fourth quarter and full fiscal year 2019 that the company provided as part of its third-quarter fiscal 2019 earnings announcement on June 27, 2019.