Summary
This 8-K filing from Accenture plc announces a significant leadership transition, with Pierre Nanterme appointed as the new Chief Executive Officer (CEO), effective January 1, 2011. Mr. Nanterme, who will also join the Board of Directors immediately, brings extensive experience from his previous roles, notably as group chief executive of Accenture’s Financial Services operating group. This leadership change is a crucial development for investors, signaling a new direction under Mr. Nanterme’s leadership while ensuring continuity as current CEO and Chairman, William D. Green, will remain as Chairman of the Board.
Key Highlights
- 1Pierre Nanterme appointed Chief Executive Officer, effective January 1, 2011.
- 2Pierre Nanterme appointed to the Board of Directors, effective immediately.
- 3William D. Green to continue as CEO until January 1, 2011.
- 4William D. Green will remain as Chairman of the Board of Directors after January 1, 2011.
- 5Pierre Nanterme has a strong background, currently leading the Financial Services operating group.
- 6Mr. Nanterme joined Accenture in 1983 and became a partner in 1993.
- 7A press release detailing these announcements is included as an exhibit.
Frequently Asked Questions
Pierre Nanterme has been appointed as the new Chief Executive Officer of Accenture, with the transition taking effect on January 1, 2011. William D. Green, the current CEO, will continue in that role until the transition date.
William D. Green will continue to serve as the Chairman of Accenture's Board of Directors after January 1, 2011, providing continued leadership and oversight in that capacity.
Pierre Nanterme has been with Accenture since 1983, becoming a partner in 1993. He has held various leadership positions, most recently serving as the group chief executive of Accenture’s Financial Services operating group. His experience spans across global and regional leadership roles within key industry practices.
As of the filing date of this report (October 20, 2010), no determination regarding the compensation arrangements for Mr. Nanterme's promotion to Chief Executive Officer had been made.