Summary
Accenture plc (ACN) filed an 8-K on March 27, 2013, announcing a significant leadership transition in its finance department. Pamela J. Craig will be stepping down as Chief Financial Officer (CFO) effective July 1, 2013, and will retire from the company on August 31, 2013. This marks the end of her tenure in a key executive role. David P. Rowland has been appointed as the new CFO, also effective July 1, 2013. Mr. Rowland brings extensive experience to the role, having served as Senior Vice President-Finance since October 2006, with global oversight of Finance Operations and a large team. His long-standing career at Accenture, dating back to 1983, and his membership in the Global Management Committee suggest a deep understanding of the company's financial operations and strategic direction. Investors should monitor the company's future communications for details on Mr. Rowland's compensation package.
Key Highlights
- 1Pamela J. Craig to step down as CFO on July 1, 2013, and retire on August 31, 2013.
- 2David P. Rowland appointed as the new Chief Financial Officer, effective July 1, 2013.
- 3David P. Rowland has significant experience, currently serving as Senior Vice President-Finance since October 2006.
- 4Rowland's responsibilities have included global oversight of Accenture's Finance Operations.
- 5Rowland is a member of Accenture's Global Management Committee.
- 6No compensation arrangements for Mr. Rowland's new role have been determined as of the filing date.
- 7The filing includes a news release dated March 28, 2013, as an exhibit.