Tag Archives: Step Down

Accenture CFO to Step Down

By Eric Volkman, The Motley Fool

Filed under:

Accenture is to lose its top financial executive. Chief Financial Officer Pamela Craig is to leave her position on July 1. She will subsequently retire from the firm on August 31.

Taking her place on the former date will be David Rowland, who is currently Accenture’s senior vice president-finance. He also serves on its global management committee, and is a board member of Avanade, the company’s joint venture with Microsoft. He launched his career with Accenture in 1983.

Craig has worked at the company for 34 years. Of her tenure as CFO, the firm quoted its CEO Pierre Nanterme as saying that she “built a world-class finance organization and her focus on rigorous financial discipline has contributed to Accenture’s strong performance.”

The article Accenture CFO to Step Down originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in any stocks mentioned. The Motley Fool recommends Accenture. The Motley Fool owns shares of Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Pamela J. Craig to Step Down as Accenture Chief Financial Officer, Accenture Veteran David P. Rowlan

By Business Wirevia The Motley Fool

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Pamela J. Craig to Step Down as Accenture Chief Financial Officer, Accenture Veteran David P. Rowland Named Chief Financial Officer, Changes Effective July 1, 2013

NEW YORK–(BUSINESS WIRE)– Accenture (NYS: ACN) announced today that Pamela J. Craig has decided to step down as chief financial officer on July 1 and retire from the company on Aug. 31, 2013. David P. Rowland, senior vice president – Finance, will become chief financial officer, effective July 1, 2013.

“Pam has made a tremendous contribution to Accenture’s growth and success across a wide range of leadership roles during her 34-year career with our company,” said Chairman and CEO Pierre Nanterme. “As chief financial officer, she built a world-class finance organization and her focus on rigorous financial discipline has contributed to Accenture’s strong performance. As a key member of our senior leadership for many years, Pam has played an instrumental role working together with the rest of the leadership team in driving our growth and success in the marketplace. It has been my pleasure to work with her over the years, especially since becoming CEO.

“I am delighted that David Rowland will become our new CFO. David brings to the role long-standing financial and operational leadership at Accenture, and has a deep understanding of our business. I have known David for many years, and I know that he is absolutely committed to ensuring that we continue to create value for our clients and our shareholders.”

Mr. Rowland, 52, is currently senior vice president – Finance, with global responsibility for Accenture’s Finance Operations, which includes approximately 3,500 finance professionals focused on client finance, country controllership and operating group and growth platform finance activities. He is a member of Accenture’s Global Management Committee and serves on the board of directors for Avanade, a joint venture of Accenture and Microsoft. Mr. Rowland began his career with Accenture in 1983.

About Accenture

Accenture is a global management consulting, technology services and outsourcing company, with approximately 261,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$27.9 billion for the fiscal year ended Aug. 31, 2012. Its home page is www.accenture.com.

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Source: FULL ARTICLE at DailyFinance

True Religion Announces Leadership Transition Plan

By Business Wirevia The Motley Fool

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True Religion Announces Leadership Transition Plan


Jeffrey Lubell to Step Down as CEO; Will Serve as Chairman Emeritus and Creative Consultant


Lynne Koplin Interim CEO


Review of Strategic Alternatives Remains Ongoing

VERNON, Calif.–(BUSINESS WIRE)– True Religion Apparel, Inc. (NAS: TRLG) today announced that Jeff Lubell has decided to step down as Chairman, Chief Executive Officer, Creative Director and employee of the Company. Mr. Lubell has agreed to serve as Chairman Emeritus and a creative consultant to the Company he founded and loves for a period of two years.

The Company’s Board of Directors has appointed Lynne Koplin, President of True Religion, to serve as the Company’s Interim Chief Executive Officer.

Jeffrey Lubell, Chairman, Chief Executive Officer and Creative Director stated, “I founded True Religion in 2002, and I am grateful and deeply honored to have had the opportunity to lead the Company for the last 10 years. I am very proud of all that the Company achieved during this decade of both achievements and challenges. Now is the right time to facilitate the next phase of the Company’s development and growth, and for me to seek new creative endeavors.”

The True Religion Board of Directors commented, “In the last 10 years, Jeff has taken True Religion from a start-up to one of the truly iconic brands in the premium denim market. Under his leadership, True Religion has become a premier global fashion company – far exceeding its original goals. Jeff’s vision for and commitment to this business has been, and will continue to be, a key driver of True Religion‘s success. He has not just made a mark on our Company but on the industry as a whole. We are grateful for his contributions to the Company.”

The Board continued, “We are fortunate to have a proven leader of Lynne’s caliber to step into the role of …read more
Source: FULL ARTICLE at DailyFinance

Electronic Arts CEO to Step Down

By Eric Volkman, The Motley Fool

Filed under:

Electronic Arts is losing its chief executive. John Riccitiello will leave his post, as well as his seat on the board of directors, effective March 30. The company has tapped board chairman Larry Probst to assume his duties on an interim basis until a permanent replacement is found.

Riccitiello has been CEO for six years. In EA‘s press release announcing the move, the company quoted him as saying: “I feel it is the right time for me pass the baton and let new leadership take the company into its next phase of innovation and growth. I remain very optimistic about EA‘s future.”

Probst has been in the top executive seat before, having served as CEO from 1991 to 2007. He has been the company’s chairman of the board since 1994.

The article Electronic Arts CEO to Step Down originally appeared on Fool.com.

Fool contributor Eric Volkman and The Motley Fool have no position in Electronic Arts. Try any of our Foolish newsletter services free for 30 days. We Fools don’t all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Joy Global CEO to Step Down

By Eric Volkman, The Motley Fool

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Joy Global is to lose its chief executive in the very near future. CEO Michael Sutherlin will relinquish his position at the end of this year when he enters retirement. The company’s board has designated Edward Doheny II as his replacement.

The 66-year old Sutherlin will formally retire next February 1, but Joy Global said that he will fully transfer responsibilities to Doheny by December of this year following the release of the firm’s fiscal 2013 results.

Doheny, 50, has been the COO of the company’s underground mining equipment unit since 2006. Prior to that, he worked for 20 years at Ingersoll-Rand in numerous executive positions.

The article Joy Global CEO to Step Down originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Google Android Chief Andy Rubin to Step Down

By Evan Niu, CFA, The Motley Fool

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Search giant Google has announced that its Android chief, Andy Rubin, is stepping down in order to “start a new chapter at Google.”

CEO Larry Page announced the change on Google’s official blog today. Google did not specify which department Rubin may be headed toward. Rubin co-founded the start-up Android before Google acquired it in 2005, and has led development ever since.

Taking Rubin‘s place will be Sundar Pichai, who has worked on Chrome and Google Apps. The Chrome browser has been another important success story for Google, and Page expressed confidence that Pichai is the right man for the job.

Page also noted that the company’s Nexus program continues to drive mobile innovation, and that Google now has global partnerships with more than 60 hardware manufacturers. There have been more than 750 million Android devices activated to date.

link

The article Google Android Chief Andy Rubin to Step Down originally appeared on Fool.com.

Fool contributor Evan Niu, CFA, has no position in any stocks mentioned. The Motley Fool recommends Google. The Motley Fool owns shares of Google. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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VeriFone CEO to Step Down

By Eric Volkman, The Motley Fool

Filed under:

VeriFone is to lose its chief executive. Douglas Bergeron will step down from the CEO position effective March 12. The company named Chairman Richard McGinn interim CEO until a replacement is found. It has formed a search committee to screen candidates for the position.

VeriFone didn’t specify the reasons for Bergeron’s departure, but it comes shortly after the company announced that key Q1 and Q2 results would come in substantially below expectations. Its shares plunged by nearly one-third after that announcement was made.

Bergeron had led the company since 2001. McGinn has been a director since 2008 and became board chairman last year.

The article VeriFone CEO to Step Down originally appeared on Fool.com.

Fool contributor Eric Volkman and The Motley Fool have no position in VeriFone. Try any of our Foolish newsletter services free for 30 days. We Fools don’t all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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