Accenture’s board of directors announced that Julie Sweet has been appointed the chief executive officer. David Rowland, currently interim chief executive officer, has been appointed executive chairman. Marge Magner, currently non-executive chair of the board, will resume her role as lead independent director. These changes are effective Sept. 1, 2019.
Sweet is currently chief executive officer of Accenture’s business in North America, the company’s largest geographic market with revenues of approximately $18 billion for fiscal 2018, serving more than 70% of the Fortune 500. 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, she 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,” said Rowland.
Magner said, “Julie has the leadership track record and breadth of business experience we believe are critical to lead Accenture, including the ability to forge major client relationships, a strong focus on leading with innovation, commitment to our people and core values, and a focus on delivering value to shareholders.”
As executive chair, Rowland will continue to play a key role and be actively involved in Accenture’s business. He will chair the board of directors, act as an advisor to Sweet and be involved in Accenture’s long-term business strategy. He will also continue to represent Accenture with clients around the world and with key external groups.
“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. 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,” said Sweet.
Image source: The New York Times