Oct. 20 (Bloomberg) -- Accenture Plc, the world’s second-largest technology-consulting firm, named company veteran Pierre Nanterme chief executive officer, replacing Bill Green at the start of next year.
Green, 57, will remain chairman, the Dublin-based company said today in a statement. Nanterme, who has been at Accenture for 27 years, will join the company’s board immediately.
Nanterme, 51, will compete with International Business Machines Corp. for consulting projects as companies increase technology spending after the economic slump. He has run Accenture’s financial-services business, which makes up more than 20 percent of revenue, since 2007. Prior to that, he ran Accenture units in Africa, Latin America and Europe.
Green started as CEO in September 2004 and became chairman two years later. He’s served on Accenture’s board since 2001.
Accenture rose 11 cents to $45.56 at 4:01 p.m. on the New York Stock Exchange, and was little changed in extended trading. The shares have climbed 9.8 percent this year.
The company’s full-year forecast is unchanged, according to the statement. Last month, Accenture said per-share earnings for the fiscal year ending in August will be at least $3, topping analysts’ estimates, as companies spend more on projects such as consolidating technology systems.
((Accenture will hold a conference call to discuss the announcement at 8 a.m. New York time tomorrow. To listen, go to http://investor.accenture.com/.)
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