Summary
This Accenture plc (ACN) Form 8-K filing, dated September 13, 2010, announces a significant addition to its Board of Directors. Dennis F. Hightower has been appointed as a new director, effective September 10, 2010. Mr. Hightower brings a wealth of experience, having previously served on the board of Accenture's predecessor and holding a recent prominent role as U.S. Deputy Secretary of Commerce. His extensive background in global marketing, strategic planning, operations, and international general management, along with his prior executive leadership, is expected to provide valuable insights to the company. Mr. Hightower will serve as a Class I director until the February 2011 annual shareholder meeting and has been appointed to the Compensation and Nominating & Governance committees. His compensation will be prorated for the remainder of the current director compensation year, with options for cash or equity. Notably, he will not receive the standard equity grant for newly appointed directors due to his previous service, demonstrating a continued commitment to the company's governance structure.
Key Highlights
- 1Accenture plc appointed Dennis F. Hightower as a new member of its Board of Directors.
- 2Mr. Hightower's appointment is effective September 10, 2010, and he will serve until the February 2011 annual shareholder meeting.
- 3He brings extensive experience from over 35 years in global marketing, strategic planning, operations, and international general management.
- 4Mr. Hightower previously served as U.S. Deputy Secretary of Commerce from August 2009 to August 2010.
- 5He has been appointed to the Board's Compensation and Nominating & Governance committees.
- 6His compensation will be prorated for the remainder of the director compensation year, with options for cash or equity.
- 7Due to prior board service, Mr. Hightower will not receive the standard equity grant for newly appointed directors.