Accenture's North America Leader Becomes Its Chief -- WSJ
By Allison Prang
This article is being republished as part of our daily
reproduction of WSJ.com articles that also appeared in the U.S.
print edition of The Wall Street Journal (July 12, 2019).
The board of consulting company Accenture PLC has named the head
of the company's operations in North America as its new chief
Julie Sweet, 51 years old, will become CEO of Accenture and join
the company's board on Sept. 1. Since 2015, she has headed
Accenture's North American operations, a division that makes up
nearly half of the company's revenue. She started at Accenture in
2010 and has served as the firm's general counsel and compliance
In an interview, Ms. Sweet said the firm will continue to evolve
the services it offers clients, including examining burgeoning
trends such as blockchain.
"Our focus will remain on being the transformation partner" of
companies, said Ms. Sweet, who has a bachelor's degree from
Claremont McKenna College and a juris doctor from Columbia Law
Ms. Sweet has been a member of the company's global management
committee for nearly a decade. She also has been involved in
executing the company's acquisition strategy and many of its
largest and most complex transactions, Accenture said.
"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 David Rowland,
Accenture's 58-year-old interim CEO who will become executive
Mr. Rowland, who used to be the company's finance chief, has
been running Accenture since the company's former CEO and chairman,
Pierre Nanterme, left in January. Mr. Nanterme died Jan. 31, having
been diagnosed with colon cancer in 2016.
Mr. Nanterme was CEO for eight years and was the company's third
CEO since 2001. The late leader moved the company into new areas
for consulting including digital marketing, cybersecurity and data
analysis. During his tenure, Accenture spent more than $6 billion
on over 100 deals.
In April, Accenture said it was buying ad agency Droga5 but
didn't disclose the terms of the deal. Consulting companies have
been building design and marketing operations in recent years. The
company also said in April it was going to buy Germany-based
technology consulting firm Zielpuls.
Ms. Sweet said that looking for diversified revenue growth will
continue to be a priority for the company under her direction.
Accenture reported $41.6 billion in revenue for its 2018 fiscal
year, which rose 13% from a year earlier. It also reported $4.06
billion in profit, up 18%. The company employed about 459,000
people at the end of August 2018.
Through Wednesday morning, shares of Accenture were up 36% year
to date and 16% over the last 12 months.
Write to Allison Prang at email@example.com
(END) Dow Jones Newswires
July 12, 2019 02:47 ET (06:47 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Historical Stock Chart
From Oct 2020 to Nov 2020
Historical Stock Chart
From Nov 2019 to Nov 2020