Nearshore Americas

Accenture Replaces Ailing CEO

Global IT services giant Accenture has named David Rowland as interim chief executive officer (CEO) following the resignation of Pierre Nanterme for health reasons.

Nanterme, who has served the IT consultancy for more than 35 years, will henceforth act as an adviser to the chief executive.

Nanterme, who served as CEO for eight years, revealed in 2016 that he was diagnosed with colon cancer. He is credited with turning Accenture into one of the leading powerhouse operators in the global digital transformation services industry.

Specifically, Accenture’s net revenues grew 55% from US$25.5 billion in fiscal 2011 to US$39.6 billion in fiscal 2018. Under his tenure, the company’s headcount more than doubled to 469,000.

During his tenure as CEO, Accenture’s market cap increased approximately US$70 billion to US$108 billion through August 31.

He was instrumental in transferring its business to high-growth areas — digital, cloud and security-related services — which together account for more than 60% of the company’s revenues.

“On behalf of our 469,000 Accenture people around the world, I want to thank Pierre for his inspirational leadership and stewardship of our company. He has clearly left Accenture better positioned for generations to come,” Rowland stated in a press release.

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Rowland is a longstanding member of Accenture’s Global Management Committee and has served on the board and as Audit Committee chair for Avanade, a joint venture of Accenture and Microsoft.

KC McClure, who currently leads Accenture’s finance operations, has now replaced Rowland as chief financial officer.

Narayan Ammachchi

News Editor for Nearshore Americas, Narayan Ammachchi is a career journalist with a decade of experience in politics and international business. He works out of his base in the Indian Silicon City of Bangalore.

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