Accenture names insider Angie Park as new CFO

Published 06/11/2024, 05:19 PM
Updated 06/11/2024, 05:20 PM
© Reuters. The logo of Accenture is displayed on a building, on the first day of the annual meeting in Davos, Switzerland, January 15, 2024. REUTERS/Denis Balibouse/File Photo
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(Reuters) - Accenture (NYSE:ACN) said on Tuesday that Angie Park, currently leading its Business and Commercial Finance division, will take on the role of the company's CFO on Dec. 1, replacing KC McClure.

Park, who has been with Accenture for nearly 30 years now, had previously served as the IT services provider's CFO for Accenture Technology Services and Investor Relations division.

Accenture also announced other internal appointments, including its Chief Executive for Technology Karthik Narain, who will now take on the added role of chief technology officer from Sept. 1.

© Reuters. The logo of Accenture is displayed on a building, on the first day of the annual meeting in Davos, Switzerland, January 15, 2024. REUTERS/Denis Balibouse/File Photo

The company cut its fiscal-year 2024 revenue forecast in March as economic uncertainty prompts clients to curb spending on its consulting services, expecting revenue growth in the range of 1% to 3%, from its earlier growth forecast of 2% to 5%.

Accenture's new bookings, a key indicator of future revenue, fell 2% to $21.58 billion for the second quarter, while revenue for its Communications, Media & Technology segment fell 8% year-over-year.

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