AP News

Accenture CEO to add title of board chairman

NEW YORK (AP) — Accenture PLC said Monday that CEO Pierre Nanterme will take on the additional job of board chairman on Feb. 1.

Current chairman and former CEO William D. Green, 59, will leave the board, the company said.

Lead director Mark Moody-Stuart said the move showed the board's high regard for Nanterme, 53, who replaced Green as CEO in January. Green was CEO for six years. He joined the company in 1977.

Last month Accenture reported that net income in the fiscal year that ended Aug. 31 rose 12 percent to $2.55 billion as revenue rose 9 percent to $27.86 billion. The company also offered an upbeat forecast for the fiscal year that started in September, predicting earnings of $4.22 to $4.30 per share when analysts expected $4.17.

Analysts say the company has been increasing its share of the outsourcing and consulting market with a varied list of clients. The outsourcing business has been growing while consulting revenue has been flat.

Shares of the Ireland-based company rose 8 cents to close at $67.83. The shares have gained 27 percent so far this year.

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