01—Abstract
Summary
Summary of the 8-K filed March 28, 2013. Cited figures are marked; the original filing is the authoritative source.
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.
02—Key points
Key Highlights
- Pamela J. Craig to step down as CFO on July 1, 2013, and retire on August 31, 2013.
- David P. Rowland appointed as the new Chief Financial Officer, effective July 1, 2013.
- David P. Rowland has significant experience, currently serving as Senior Vice President-Finance since October 2006.
- Rowland's responsibilities have included global oversight of Accenture's Finance Operations.
- Rowland is a member of Accenture's Global Management Committee.
- No compensation arrangements for Mr. Rowland's new role have been determined as of the filing date.
- The filing includes a news release dated March 28, 2013, as an exhibit.
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K filing?
This 8-K filing primarily announces a change in Accenture's Chief Financial Officer position, detailing the transition of Pamela J. Craig and the appointment of David P. Rowland.
Who is the new CFO and what is their background?
David P. Rowland will become the new CFO. He is 52 years old and has a long history with Accenture, joining in 1983. He currently serves as Senior Vice President-Finance with global responsibility for Finance Operations and is a member of the Global Management Committee.
When do these leadership changes take effect?
Pamela J. Craig steps down as CFO on July 1, 2013, and retires on August 31, 2013. David P. Rowland's appointment as CFO is also effective July 1, 2013.
Has David P. Rowland's compensation been finalized for his new role?
No, as of the filing date of this Current Report (March 27, 2013), no determination regarding compensation arrangements for Mr. Rowland's promotion to CFO has been made.
04—Continue