Accenture names Julie Sweet as CEO

Accenture announced the appointment of Julie Sweet as the chief executive officer.
Accenture CEO Julie SweetDavid Rowland, currently interim chief executive officer (CEO), will become executive chairman of Accenture.

Julie Sweet, 51, is currently CEO of Accenture’s business in North America, the company’s largest geographic market with revenues of approximately $18 billion for fiscal 2018, serving more than 70 percent of the Fortune 500.

Julie Sweet, as a member of Accenture’s senior leadership team for nearly a decade, has played an integral role in the company’s business and investment strategy. Prior to joining Accenture, Julie Sweet was a partner for 10 years in the law firm of Cravath, Swaine & Moore.

David Rowland, 58, was named interim CEO of Accenture on Jan. 10, 2019. David Rowland has held significant leadership roles and played a major role in shaping Accenture’s growth strategy in his 36-year career. Prior to his appointment as interim chief executive officer, he served as Accenture’s chief financial officer since July 2013.

Accenture confirmed that there is no change to the business outlook for the fourth quarter and full fiscal year 2019.

Accenture reported revenues of $11.1 billion (+4 percent) for the third quarter of fiscal 2019, ended May 31, 2019 with operating income of $1.72 billion (+5 percent).

Accenture generated consulting revenues of $6.24 billion (+3 percent) and outsourcing revenues of $4.86 billion (+5 percent).

Accenture generated revenue of $2.25 billion (+3 percent) from Communications, Media & Technology, $2.20 billion (–2 percent) from Financial Services, $1.82 billion (+4 percent) from Health & Public Service, $3.08 billion (+4 percent) from Products and $1.75 billion (+13 percent) from Resources.

Accenture expects revenues for the fourth quarter of fiscal 2019 to be in the range of $10.85 billion to $11.15 billion, 5 percent to 8 percent growth in local currency, reflecting the company’s assumption of a negative 2 percent foreign-exchange impact compared with the fourth quarter of fiscal 2018.

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