Accenture CEO steps down due to health reasons Credit: AccentureSupplied Art
Business Management

Accenture CEO steps down due to health reasons

Accenture CEO Pierre Nanterme is stepping down due to health reasons, with CFO David Rowland appointed as interim global leader.

Nanterme, who took the helm in January 2011, was diagnosed with colon cancer in 2016.

"It has been my honour and privilege to serve Accenture's people and our clients for my entire 36-year career, and I've never been more confident in our business strategy, leadership team and people," said Nanterme.

"I know that David's significant involvement in developing and delivering our growth strategy to rotate our business to new, high-growth areas of digital, cloud and security - and his tenure as a highly respected senior leader and developer of talent - will make this transition seamless.

"This is the right decision for my family and me, so I can focus on my health."

Following the announcement, Accenture also named lead independent director Marge Magner as the company's non-executive chair of the board.

"Pierre is stepping down after a remarkable career at Accenture," Magner added. "On behalf of the board, we thank Pierre for his leadership and visionary role in transforming the company to lead in a digital world.

"Looking ahead, David is the right choice to serve as interim CEO. David brings deep knowledge of Accenture's business, the global marketplace and the competitive environment - coupled with his unparalleled commitment to driving value for our clients, our people and our shareholders."

Rowland will be replaced by KC McClure, who currently heads Accenture's finance operations.

Read more: Accenture just made seven acquisitions in 12 days

"I look forward to working closely with our talented, best-in-class leadership team, including KC as our new CFO, to continue building on the strong momentum in our business and strengthening our market leadership in the New," Rowland said.

The company said there would be no change to its business outlook for the second quarter and full fiscal year 2019.

(Additional reporting by Akanksha Rana in Bengaluru; Editing by James Emmanuel and Shinjini Ganguli - Reuters)

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