Julie Sweet of Accenture Joins Ranks of Female CEOs

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Via Minneapolis/St. Paul Business Journal

Julie Sweet of AccentureAccenture’s board of directors announced yesterday that Julie Sweet has been appointed chief executive officer effective Sept. 1. She will also join the board of the multinational professional services company.

Sweet, 51, will join the ranks of the 33 women who head major corporations as of June 1, a record-high number that still represents just 6.6 percent of the chief executives at top-grossing firms.”

 

She is currently chief executive officer of Dublin, Ireland-based Accenture’s North American business, the company’s largest geographic market with revenues of approximately $18 billion for fiscal 2018.

Accenture provides services for more than 70 percent of Fortune 500 companies, per a corporate statement, and the North American market represents almost half of Accenture’s global revenue.

Sweet is a leader on topics including innovation, technology’s impact on business, and inclusion and diversity, and is working with leaders in business, education and government to create a national professional apprenticeship movement, the company said.

David Rowland, currently interim chief executive officer, has been appointed executive chairman, and Marge Magner, currently non-executive chair of the board, will resume her role as lead independent director.

Sweet previously served as Accenture’s general counsel, secretary and chief compliance officer, and has been a member of Accenture’s senior leadership team for nearly a decade.

Prior to joining Accenture, she was a partner for 10 years in the law firm 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.”

Rowland will chair the board of directors, act as an advisor to Sweet and be involved in Accenture’s long-term business strategy. He also will continue to represent Accenture with clients around the world and with key external groups.

Accenture reported $41.6 billion in revenue and $4.06 billion in profit for fiscal year 2018 and employs about 459,000 people, per the Wall Street Journal.

 

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