8-KLeadership ChangesExhibits & Filings

Accenture plc 8-K Report, Executive Changes (Jul 20, 2017)

Filed July 20, 2017For Securities:ACN

Summary

Accenture plc (ACN) announced the appointment of Tracey T. Travis as a new director to its Board of Directors, effective July 20, 2017. Ms. Travis brings extensive financial leadership experience, currently serving as Executive Vice President and Chief Financial Officer of The Estée Lauder Companies Inc. Her prior roles include CFO at Ralph Lauren Corporation and significant financial and operational positions at other major corporations like L Brands, PepsiCo, and General Motors. Ms. Travis's appointment is a strategic move by Accenture, enhancing the Board's financial expertise and governance. She has been appointed to the Audit Committee and the Finance Committee, underscoring her qualifications in critical oversight areas. Investors can expect her financial acumen to contribute to Accenture's strategic decision-making and financial reporting integrity. Her compensation will be in line with the company's standard director compensation structure, including restricted share units.

Key Highlights

  • 1Appointment of Tracey T. Travis as a new director to the Board of Directors, effective July 20, 2017.
  • 2Ms. Travis is currently the Executive Vice President and Chief Financial Officer of The Estée Lauder Companies Inc.
  • 3She possesses significant financial and operational experience, having held CFO roles at Ralph Lauren and previous positions at L Brands, PepsiCo, and General Motors.
  • 4Ms. Travis has been appointed to serve on the Board's Audit Committee and Finance Committee.
  • 5She will receive standard director compensation, including a grant of restricted share units valued at $185,000.
  • 6The appointment is effective until the Company’s 2018 annual general meeting of shareholders.
  • 7A news release dated July 20, 2017, regarding this appointment is filed as an exhibit.

Frequently Asked Questions

Tracey T. Travis's appointment brings a wealth of financial expertise to Accenture's Board, particularly in her current role as CFO of The Estée Lauder Companies. Her appointment to the Audit and Finance Committees suggests a focus on strengthening financial oversight and strategic financial guidance for the company.

Ms. Travis has a strong financial background, including her current role as CFO at The Estée Lauder Companies and her previous experience as CFO at Ralph Lauren. She also held senior financial and operational roles at L Brands, PepsiCo, and began her career as an engineer and financial analyst at General Motors. She holds an MBA in Finance and Operations Management and a Bachelor of Science in Industrial Engineering.

Ms. Travis will receive the standard compensation for Board service, which includes an annual retainer of $100,000, committee fees ($11,250 for Audit Committee, $7,500 for Finance Committee), and a grant of restricted share units valued at $185,000. Her compensation will be prorated based on the number of days remaining in the current director compensation year. She can elect to receive compensation in cash or equity.

For investors, this appointment signals a reinforcement of Accenture's corporate governance and financial oversight. Ms. Travis's extensive financial experience is expected to contribute to sound financial strategies and robust reporting, enhancing investor confidence in the company's management and financial health.