Accenture announces changes to its growth model and Global Management Committee
Jan 13, 2020
January 13, 2020
NEW YORK; Jan. 13, 2020 – Accenture (NYSE: ACN) today announced changes to its growth model and Global Management Committee, effective March 1, 2020.
Accenture will organize its market-leading capabilities into four services: Strategy & Consulting, Interactive, Technology, and Operations. The company will manage its business through three geographic markets — North America, Europe, and Growth Markets — instead of operating groups. Accenture will continue to go to market by industry and will expand its global industry programs. At the same time, Accenture will be making leadership changes and expanding its Global Management Committee to include a broader representation of leaders from its services and geographic markets.
Accenture is making these changes at a time of unprecedented change for its clients. Digital and technology are now core to their success, fueling the need for enterprise-wide transformation and continuous innovation. Digital disruption is blurring traditional industry lines, making cross-industry expertise an imperative. This disruption and other changes are happening at the intersection of geography, industry and technology.
Given these dynamics, Accenture is increasing its agility to bring to its clients a unique range of services, from strategy to operations, with digital skills everywhere. Embedded across these services are applied intelligence and deep industry, cross-industry and functional expertise. Accenture also will accelerate innovation by moving seamlessly between global and local, leveraging its unmatched network of more than 100 innovation hubs and working even more closely with its ecosystem partners to create solutions that create value at speed. These changes will make the company an even stronger partner of choice for transformation and innovation.
“Accenture’s formula for market leadership is enduring: We continually transform our business and embrace change to create value for our clients with incredibly talented people, including our deep bench of experienced leaders,” said Julie Sweet, Accenture’s chief executive officer. “The changes we are announcing today will unleash the full potential of the extraordinary capabilities we have built, create greater opportunities for our people, and act as a catalyst for us to again set the new standard in our industry.”
Accenture’s rotation to the New — digital, cloud and security — over the last six years has demonstrated an unmatched ability to identify and scale new opportunities in the most strategic, high-growth areas of the market. These changes are designed to increase the company’s ability to anticipate client needs and market changes.
“Our growth model has always been a source of competitive advantage for us,” Sweet said. “In 2014, we created Strategy, Digital and the Growth Markets to grow our capabilities and position Accenture for the next waves of growth. Now, in 2020, with number one global market share and at about 65% of revenues in the New, we are changing to better serve our clients today and tomorrow and continue to scale from over 500,000 people and $43 billion in revenue.”
Accenture confirmed that there is no change to its business outlook for the second quarter and full fiscal year 2020 that the company provided as part of its first-quarter fiscal 2020 earnings announcement on Dec. 19, 2019.
For more information on Accenture’s new Global Management Committee and leadership changes effective March 1, click here.
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