Accenture Announces Senior Executive Appointments; Management Changes Focused on Enhancing Strategic Execution To Provide Advanced Client Solutions.Business Editors NEW YORK--(BUSINESS WIRE)--March 14, 2002 Accenture (NYSE NYSE See: New York Stock Exchange :ACN ACN Accenture (stock symbol) ACN Accenture ACN Australian Company Number ACN Automatic Collision Notification (US DOT) ACN Acetonitrile ACN Anglican Communion Network ) today announced several senior executive appointments that will enhance the execution of the company's strategy and the effectiveness of its operating model Operating Model is a term that is used in many contexts. In essence an operating model describes how an organization operates across both business and technology domains. The Operating Model describes what is important for the organization. , providing clients with advanced business solutions. "Our future rests on our ability to evolve our strategy and organization to stay relevant to our clients," said Joe W. Forehand forehand the head, neck, shoulders, withers and forelimbs of the horse. , chairman and chief executive officer of Accenture. "With these changes, we are confident that we continue to build a management team that is focused on delivering to our clients the very best solutions to the challenges of a changing business environment and accelerating the growth of our company." Among the key appointments are the following: Gregg Hartemayer has been named group chief executive of the Technology & Outsourcing capability group. The group comprises three service lines: Solutions Engineering, Solutions Operations and Technology Research & Innovation, as well several solution units and Accenture's Alliances organization. Mr. Hartemayer previously managed the Products operating group. Tim Breene has been named group chief executive of the Business Consulting capability group. The group consists of five consulting service Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" lines: Customer Relationship Management; Finance & Performance Management; Human Performance; Strategy & Business Architecture, and Supply Chain Management, as well as several solution units focused on improving clients' business performance. Mr. Breene previously had responsibility for all service lines and the Alliances organization. Mr. Breene will also assume the responsibilities of chief strategy officer, leading Accenture's Growth & Strategy team. Mark Foster has been named group chief executive of the Products operating group, assuming the previous responsibilities of Mr. Hartemayer. Mr. Foster, who most recently served as managing partner for Products- Europe and has been instrumental in the development of Accenture's strategy, will also join the Management Committee. Accenture also named four additional group chief executives: Bill Green in Communications & High Tech; David Hunter David Hunter (July 21 1802 – February 2 1886) was a Union general in the American Civil War. He achieved fame by his unauthorized 1862 order (immediately rescinded) emancipating slaves in three Southern states and as the president of the military commission trying the in Government; Karl-Heinz Floether in Financial Services, and Mary Tolan in Resources. These executives will continue in the leadership roles they currently hold, but will add the group chief executive title, which the company believes is more relevant to the marketplace. In addition, the company announced the following changes: Gill Rider becomes the chief leadership officer. Ms. Rider will place special emphasis on developing the leadership capabilities and professional skills of Accenture's people, and fostering a culture that encourages diversity and achievement. She has also been named to the Management Committee. Ms. Rider is a former head of the company's Resources operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon in Europe, the Middle East and Africa Europe, the Middle East and Africa, usually abbreviated to EMEA, is a regional designation used for government, marketing and business purposes. It is particularly common amongst North American based companies, who often divide their international operations into the , and in Latin America, and a former chair of the United Kingdom/Ireland Geographic Council. Mike McGrath becomes the chief risk officer. The new role expands Mr. McGrath's responsibilities as capital risk officer to better assess and manage risk. Jack Wilson, Accenture's corporate development officer, will continue to support the operating groups in their business development efforts, and will take on additional responsibilities as chairman of the Capital Committee, replacing Mr. McGrath. Accenture also established the Office of the CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , comprised of Mr. Forehand and Steve James, the company's chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , who will share responsibilities for all group operations. Mr. Forehand will work with the group chief executives on growth, strategy and strategic execution issues. Mr. James will work with the group chief executives and Ms. Rider on operational issues and the enhancement of performance results. Mr. James will continue to have responsibility for Business Operations, Geographic Services and the CIO CIO: see American Federation of Labor and Congress of Industrial Organizations. (Chief Information Officer) The executive officer in charge of information processing in an organization. Organization, and for Accenture's geographic units. About Accenture Accenture is the world's leading management and technology services organization. Through its network of businesses approach -- in which the company enhances its consulting and outsourcing expertise through alliances, affiliated companies Affiliated Companies A situation that occurs when one company owns a minority interest (less than 50%) in another company. Also refers to companies that are related to each other in some way. Notes: An affiliated company is sometimes referred to as a subsidiary. and other capabilities -- Accenture delivers innovations that help clients across all industries quickly realize their visions. With more than 75,000 people in 47 countries, the company generated net revenues of $11.44 billion for the fiscal year ended August 31, 2001. Its home page is www.accenture.com. |
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