Accenture appoints Ndidi Oteh as new CEO of Accenture Song

NEW YORK - Accenture (NYSE: ACN), the $197 billion market cap IT services giant with a GOOD financial health score according to InvestingPro, announced today that Ndidi Oteh will take over as CEO of Accenture Song, effective September 1, 2025, succeeding David Droga, who will assume a strategic role as vice chair across Accenture. Oteh, currently the lead for Accenture Song Americas, has been instrumental in leading digital transformations for Fortune 500 companies since joining the firm in 2011. She will also become a member of Accenture’s Global Management Committee (GMC).

Nick Law is set to become the new Song creative strategy & experience lead and will join the GMC as well. Law is recognized as a global design leader with a long-established reputation.

Droga, known for his influential leadership in the creative industry, will be stepping down from his CEO position at the end of the fiscal year. During his tenure, Droga led Accenture Interactive through substantial growth, rebranding it as Accenture Song and integrating a variety of acquisitions into a cohesive platform. Under his leadership, Accenture Song’s revenue grew from $12.5 billion to $19 billion in the fiscal year ending August 31, 2024. This growth aligns with Accenture’s broader success, as the company maintains a healthy 4.1% revenue growth rate and trades at a P/E ratio of 25.7x.

Julie Sweet, chair and CEO of Accenture, praised Droga for his stewardship and development of leadership talent, highlighting his contributions to the company’s growth and connection with clients. Droga expressed his confidence in the leadership team to continue Accenture Song’s legacy of innovation and creativity.

Droga’s career achievements include founding Droga5, an agency renowned for its creative and influential campaigns, which earned the title of "Agency of the Year" multiple times and was named "Agency of the Decade" by Ad Age and Adweek. His work has been recognized globally and is part of the permanent collection at the Museum of Modern Art.

Accenture is a leading global professional services company that offers a range of services in strategy, consulting, technology, operations, and digital transformation. The company employs approximately 801,000 people worldwide and is dedicated to driving change through technology, with a focus on creating value for clients in various sectors.

This leadership transition is based on a press release statement from Accenture.

In other recent news, Accenture has been involved in several significant developments. The company reaffirmed its Buy rating from TD Cowen, with a price target of $336, despite potential growth headwinds linked to industry pressures observed in Booz Allen’s recent financial results. Meanwhile, Accenture has partnered with OP Financial Group to modernize its non-life insurance division through a cloud-based transformation, leveraging advanced technologies like AI and automation to enhance efficiency and customer service. Additionally, Accenture and SAP have launched a new offering called ADVANCE, aimed at helping organizations transition to the cloud with preconfigured packages that integrate business applications, data, and AI capabilities.

Accenture has also expanded its training capabilities by acquiring Ascendient Learning, enhancing its offerings in technology development skills and instructor-led training. This acquisition is part of Accenture’s $1 billion investment in workforce reskilling. Furthermore, BMO Capital Markets maintained its Market Perform rating on Accenture, with a price target of $355, noting the relationship between the company’s recent signings and revenue projections, particularly in Managed Services contracts. These developments underscore Accenture’s strategic initiatives in partnerships, technology, and training to navigate industry challenges and opportunities.

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