According to a statement issued by Accenture, Angie Park, who currently manages the company’s Business and Commercial Finance division, will take over as CFO on December 1st.
Park, who has been employed at Accenture for about 30 years, was formerly the CFO for the company’s investor relations and technology services division. Other internal appointments at Accenture were also disclosed. Karthik Narain, the company’s chief executive for technology, will now assume the additional responsibility of chief technology officer as of September 1.
With clients cutting back on spending on its advisory services due to economic uncertainties, the firm lowered its revenue prediction for the fiscal year 2024 in March. Previously, it had projected growth in the range of 2% to 5%. Now, it expects revenue growth in the range of 1% to 3%. In the second quarter, Accenture’s new bookings, a crucial predictor of future revenue, decreased by 2% to $21.58 billion, while the company’s Communications, Media, and Technology business saw an 8% decline in revenue year over year.
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