Accenture CEO Steps Down for Health Reasons
Accenture Chairman and CEO Pierre Nanterme is stepping down, effective immediately, amid his battle against cancer. Accenture CFO David Rowland has been named interim CEO, while KC McClure shifts to the CFO slot.
Nanterme had been CEO since January 2011. He drove the company’s so-called “New” push — spanning digital, cloud and security-related services. Together, those services now represent more than 60 percent of Accenture’s revenues. During Nanterme’s tenure as CEO, Accenture’s net revenues grew 55 percent from $25.5 billion in fiscal 2011 to $39.6 billion in fiscal 2018 (ended Aug. 31, 2018), the company says.
Nanterme also drove Accenture’s aggressive merger and acquisition strategy. The company more than a year ago disclosed a $1 billion war chest for M&A deals. Recent deals have included a range of cloud, security, Microsoft, Oracle and ServiceNow partners, among other focus areas.
Meanwhile, Accenture rival EY is seeking a CEO as part of a planned transition at that company.