Accenture Announces Leadership Appointments; Manish Sharma, Accenture's Chief Operating Officer, Will Become Chief Executive Officer ; John Walsh To Become Chief Operation Officer, Effective September 1, 2023
Portfolio Pulse from Happy Mohamed
Accenture (NYSE:ACN) has announced a series of leadership changes effective from September 1, 2023. Manish Sharma, currently the COO, will become CEO - North America, succeeding Jimmy Etheredge who is retiring. John Walsh will become the COO, Steve Ferneyhough will become Chief Strategic Accounts & Global Sales Officer, Paul Daugherty will become Chief Technology & Innovation Officer, and Karthik Narain will become Group Chief Executive – Technology. These changes are expected to drive the company's growth strategy and digital transformation.
July 27, 2023 | 9:16 pm
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POSITIVE IMPACT
Accenture's leadership changes, including the appointment of Manish Sharma as CEO - North America, are expected to drive the company's growth strategy and digital transformation. This could potentially impact the company's stock positively in the short term.
Leadership changes in a company can often lead to shifts in strategy and operations, which can impact the company's performance and hence its stock price. Given the new appointees' track records and the strategic roles they are moving into, these changes could potentially drive Accenture's growth and digital transformation, which could positively impact the company's stock in the short term.
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