Consulting and outsourcing services provider Accenture Inc has named Julie Sweet as its new chief executive officer, effective September. Sweet, who will also join the company's board, currently oversees Accenture's business in North America, its largest geographic market. David Rowland, currently the interim CEO, has been appointed as executive chairman, the company said. Marge Magner, currently non-executive chair of the board, will resume her role as lead independent director. These changes are effective Sept. 1, 2019.
Accenture also 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.
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. 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.
Previously, Sweet was Accenture’s general counsel, secretary and chief compliance officer. Prior to joining Accenture, Sweet was a partner for 10 years in the law firm of Cravath, Swaine & Moore LLP.
“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. “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 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 am truly honored to lead our extraordinary company as Accenture’s chief executive officer," said Sweet. “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."