Julie Sweet Explained

Julie Sweet
Birth Name:Julie Spellman
Education:Claremont McKenna College (BA)
Columbia University (JD)
Occupation:Businesswoman
Chair and CEO, Accenture
Spouse:Chad Creighton Sweet
Children:2

Julie Terese Sweet (née Spellman, born 1966/1967) is an American business executive and attorney. She is chair and chief executive officer (CEO) of Accenture, a multinational professional services company.[1]

The New York Times and Fortune have named her among the most powerful women in corporate America, crediting her for "working on creating true gender equality at the office".[2] [3]

Early life and education

Sweet grew up in Tustin, California, and was a speech and debate star at Tustin High School.[4] She holds a bachelor's degree from Claremont McKenna College and a J.D. degree from Columbia Law School.

Career

Prior to Sweet's work at Accenture, she was an attorney at law firm Cravath, Swaine & Moore. She worked at the firm for 17 years and was partner for 10. Sweet was the ninth woman ever to make partner at the firm. She worked on financing, mergers and acquisitions, and general corporate counsel.

Accenture

Accenture recruited Sweet as general counsel in 2010. In 2015, she became CEO of Accenture's North America business, the company's largest market. Since early in her career at Accenture, she has been on the company's global management committee. Alongside then-CEO Pierre Nanterme, Sweet developed Accenture's mergers and acquisitions strategy.

Accenture named Sweet its CEO effective September 2019, the first woman to hold that position. She replaced interim CEO David Rowland. At the time of her appointment, she was one of 27 women leading companies in the S&P 500 and the 15th female CEO of all Fortune Global 500 companies. In September 2021, Sweet became chair of Accenture.[3]

As CEO, Sweet has advocated for diversity, inclusion, and workplace gender parity. Sweet supports Accenture's goal to have a staff equally represented by men and women by 2025; as of 2019, 42 percent of Accenture's staff was female. Sweet was named a top CEO for diversity by the website Comparably in 2019.

Sweet has called for addressing the skills gap in the U.S. and supported the national apprenticeship movement. She participated in The New York Timess New Rules Summit.

Sweet indicated in 2023 that she wants to double the number of Accenture employees primarily skilled in artificial intelligence (AI) and data-related fields.[5] In 2024, Sweet announced Accenture's plans to open 10 generative AI 'innovation hubs' around the world.[6]

In 2023, Sweet's total compensation at Accenture was $31.6 million, or 1,526 times what the median employee at Accenture earned that same year without a cost-of-living adjustment.[7] This is equivalent to 633 times what the median employee at Accenture earned that same year adjusted for cost-of-living.[8]

Board service

In addition to Accenture's board of directors, Sweet has been a member of the Business Roundtable and Catalyst.[9] [10] [11] She has also served on the trustees boards for the Center for Strategic and International Studies,[12] the World Economic Forum,[13] and Bridges from School to Work, which was established by the founders of Marriott International.[14] [15]

Personal life

Sweet is married to Chad Creighton Sweet, and has two daughters. They live in Bethesda, Maryland.[16]

Recognition

The New York Times called Sweet "one of the most powerful women in corporate America" in 2019. Fortune magazine included Julie Sweet in their "Most Powerful Women" list since 2016,[17] and she was named No. 1 on the list for 2020.[18] Fortune noted she "steered Accenture’s more than half a million employees in 51 countries through the pandemic." Sweet has subsequently been ranked by Fortune as No. 3 on the list for 2021,[19] and No. 2 on the list for 2022.[20]

Sweet was included in the list of "World's 100 most powerful women" by Forbes (in 11th position) in 2023.[21]

In 2024, the Anti-Defamation League gave Sweet its 2024 Courage Against Hate Award.[22]

External links

Notes and References

  1. News: How the best companies to work for are thriving despite the Great Resignation . Gill . Kristine . . April 27, 2022 . June 6, 2022.
  2. News: Most Powerful Women . . 2020 . June 6, 2022.
  3. News: Most Powerful Women . . 2021 . June 6, 2022.
  4. The David Rubinstein Show, "Julie Sweet, Accenture Chair & CEO", S6:E28, 6 October 2021, Bloomberg TV, after 11 minutes 30 seconds.
  5. Web site: King . Hope . 2023-09-14 . Axios Finish Line: Lead like Accenture CEO Julie Sweet . 2024-06-20 . Axios.
  6. Web site: 18 January 2024 . Accenture CEO Julie Sweet Speaks with Bloomberg in Davos . 2024-03-23 . Bloomberg.
  7. Web site: Anderson . Sarah . 2024-08-29 . Executive Excess 2024: The "Low Wage 100" corporations are enriching CEOs at the expense of workers and long-term investment . live . https://web.archive.org/web/20240829154904/https://ips-dc.org/wp-content/uploads/2024/08/executive_excess_2024_ips_report.pdf . 2024-08-29 . 2024-08-31 . Institute for Policy Studies.
  8. News: CEO pay in IT zooms... at times over 1,000 times median salary. The Times of India. Shilpa. Phadnis. Veena. Mani. August 13, 2024.
  9. News: CEOs of America's biggest companies detail how to achieve 'responsible A.I.' . Kahn . Jeremy . . January 26, 2022 . September 11, 2024.
  10. Web site: Julie Sweet . . September 11, 2024.
  11. Web site: Board of Directors . . September 11, 2024.
  12. Web site: Board of Trustees & Counselors . . September 11, 2024.
  13. Web site: Julie Sweet . . September 11, 2024.
  14. News: The Path Forward: Digital Acceleration with Accenture CEO Julie Sweet . . December 9, 2020 . September 11, 2024.
  15. Web site: Bridges Leadership . Bridges from School to Work . September 11, 2024.
  16. Web site: Forbes profile: Julie Sweet . Forbes . 7 December 2021 . 15 July 2022.
  17. News: Most Powerful Women: Julie Sweet . 20 October 2024 . . 2016-08-26 . https://web.archive.org/web/20160913054237/http://fortune.com/most-powerful-women/julie-sweet-39/ . 2016-09-13 . en.
  18. Web site: Julie Sweet 2020 Most Powerful Women . 2022-10-14 . Fortune . en.
  19. Web site: Julie Sweet 2021 Most Powerful Women . 2022-10-14 . Fortune . en.
  20. Web site: Julie Sweet 2022 Most Powerful Women . 2022-10-14 . Fortune . en.
  21. Web site: The World's Most Powerful Women 2023 . Forbes . en.
  22. Web site: Accenture CEO Julie Sweet to Receive ADL’s Prestigious 2024 Courage Against Hate Award . 2024-03-23 . www.adl.org.