Accenture CEO Pierre Nanterme leaves post for health reasons

  • After eight years in the position
  • Accolades, praise and thanks for Nanterme
  • David Rowland taking over in the interim
  • Nanterme will remain as advisor to the CEO at Accenture
  • Nanterme said 96 words

(exechange) — New York, January 11, 2019 — Pierre Nanterme, chief executive of Accenture, leaves the position. It is an abrupt change. As announced by Accenture Plc in a news release and in a regulatory filing published on Friday, January 11, 2019, Pierre Nanterme leaves his post as chief executive officer at the management consulting company after eight years in the role, effective immediately.

Pierre Nanterme’s duties will be taken over in the interim by David P. Rowland, most recently chief financial officer of Accenture plc, as interim chief executive officer.

Health reasons

Pierre Nanterme’s sudden departure from the CEO post is explained as follows. Accenture announced that “effective immediately, Chairman and CEO Pierre Nanterme has stepped down for health reasons that were previously disclosed in July 2016.”

Nanterme will remain as advisor to the CEO at Accenture

“Nanterme will continue at Accenture as advisor to the CEO,” Accenture said.

Share price increase since January 2011

The management change announcement follows an increase in Accenture plc’s share price of 185 percent since January 2011.

In the position of CEO since 2011

Pierre Nanterme became chairman of the Board of Directors in February 2013.

He has served as the Company’s chief executive officer since January 2011 and as a Board member since October 2010.

Nanterme joined Accenture’s global management committee in 2006, and was group chief executive of the Company’s Financial Services operating group from September 2007 to December 2010.

Prior to assuming this role, Nanterme was the Company’s chief leadership officer from May 2006 through August 2007, with primary responsibility for Accenture’s leadership development program as well as the Company’s global corporate citizenship initiatives.

Earlier in his career with the Company, he held various leadership roles, primarily in Financial Services, and also was the Company’s country managing director for France from November 2005 through August 2007.

Prior to the merger of Accenture Holdings plc with and into Accenture plc on March 13, 2018, Nanterme served on the board of Accenture Holdings plc.

Nanterme has entered into an amendment to his employment agreement pursuant to which he will serve as advisor to the CEO.

In light of Nanterme’s resignation as a director, Nanterme will not stand for election at the Company’s 2019 annual general meeting of shareholders, to be held on February 1, 2019.

Push-out Score not determined

When the reason for the departure is health-related, a Push-out Score™ is not determined.

Read the full story in the exechange report 2.2019 ($).