Accenture CEO Pierre Nanterme steps down due to health reasons

Accenture CEO Pierre Nanterme is stepping down due to health reasons after serving the IT services company as the head for 8 plus years.
Pierre Nanterme, chairman and CEO of AccentureThe IT consulting and outsourcing company said on Friday that chief financial officer David Rowland will serve as the interim CEO.

Pierre Nanterme, who became the CEO of Accenture in January 2011, was diagnosed with colon cancer in 2016.

Nanterme as CEO during 2011 to 2019

# became CEO in January 2011
# chairman in February 2013
# revenues grew 55% from $25.5 billion in fiscal 2011 to $39.6 billion in fiscal 2018

“It has been my honor and privilege to serve Accenture’s people and our clients for my entire 36-year career, and I’ve never been more confident in our business strategy, leadership team and people,” said Nanterme.

KC McClure, who currently heads Accenture’s finance operations, will replace David Rowland as the next CFO.

David Rowland has served as Accenture’s CFO since July 2013. Throughout his 35-year career with the company, he held leadership roles and played a lead role shaping Accenture’s growth strategy.

Nanterme transformed Accenture and was instrumental in rotating its business to high-growth areas in the New — digital, cloud and security-related services — which together account for more than 60 percent of Accenture’s total revenues.

He increased Accenture’s investment in the business to enhance the IT company’s capabilities and differentiation.

Accenture said in a statement that there would be no change to its business outlook for the second quarter and full fiscal year 2019. Accenture earlier said it expects revenues of $10.10 billion to $10.40 billion, 6 percent to 9 percent growth in local currency, for the second quarter of fiscal 2019.

Accenture reported revenues of $10.6 billion, an increase of 7 percent in U.S. dollars and 9.5 percent in local currency, for the first quarter of fiscal 2019, ended Nov. 30, 2018.

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