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Accenture Taps New CFO, Boosts Incumbent

The consulting firm elevates its senior vice president of finance to finance chief and promotes the current CFO to international chairman.
Stephen TaubAugust 22, 2006

Accenture named a Pamela Craig, a 24-year veteran of the firm, as CFO.

Craig will replace Michael McGrath, who was promoted to international chairman of the $16 billion (in revenue) consulting firm, on Oct. 31. Currently senior vice president of finance, she has been a member of its Accenture’s executive leadership for five years..

As senior vice president of finance since 2004, she has had responsibility for Accenture’s client deal structuring, client finance, country controllership, and group finance activities. “Pam Craig is one of Accenture’s most well-rounded leaders and has demonstrated throughout her career that she is committed to doing what is right on behalf of Accenture, our people, and our shareholders,” said William D. Green, the firm’s chief executive officer.

For his part, McGrath, who will stay on as finance chief until Craig takes over, will devote his time as international chairman to “developing opportunities that enhance shareholder value,” Green said.

McGrath has served as CFO of Accenture since 2004 and previously held the position from 1997 to 2001. He is credited with playing an important role in Accenture’s transition from partnership to corporation and led all financial aspects of the company’s initial public offering in July 2001.

He has also served the company as chief risk officer, treasurer, and managing partner for corporate matters.