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Julie Sweet

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Julie Sweet
Sweet in 2019
Born
Julie Spellman

1966 or 1967 (age 56–57)
EducationClaremont McKenna College (BA)
Columbia University (JD)
OccupationBusinesswoman
TitleChair and CEO, Accenture
SpouseChad Creighton Sweet
Children2

Julie Terese Sweet (née Spellman, born 1966/1967)[1][2] is an American business executive and attorney. She is chair and chief executive officer (CEO) of Accenture, a multinational professional services company.[3]

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".[4][5][6]

Early life and education

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Sweet grew up in Tustin, California,[4] and was a speech and debate star at Tustin High School.[7] She holds a bachelor's degree from Claremont McKenna College and a J.D. degree from Columbia Law School.[8]

Career

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Prior to Sweet's work at Accenture, she was an attorney at law firm Cravath, Swaine & Moore.[9][10] She worked at the firm for 17 years and was partner for 10.[11][12] Sweet was the ninth woman ever to make partner at the firm.[9] She worked on financing, mergers and acquisitions, and general corporate counsel.[13]

Accenture

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Accenture recruited Sweet as general counsel in 2010.[9] In 2015, she became CEO of Accenture's North America business, the company's largest market.[9] 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.[14]

Accenture named Sweet its CEO effective September 2019, the first woman to hold that position.[15][16] She replaced interim CEO David Rowland.[16] At the time of her appointment, she was one of 27 women leading companies in the S&P 500[9] and the 15th female CEO of all Fortune Global 500 companies.[17][18] In September 2021, Sweet became chair of Accenture.[6]

As CEO, Sweet has advocated for diversity, inclusion,[9] and workplace gender parity.[16] 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.[19] Sweet was named a top CEO for diversity by the website Comparably in 2019.[20]

Sweet has called for addressing the skills gap in the U.S. and supported the national apprenticeship movement.[21] She participated in The New York Times's New Rules Summit.[4]

Sweet indicated in 2023 that she wants to double the number of Accenture employees primarily skilled in artificial intelligence (AI) and data-related fields.[22] In 2024, Sweet announced Accenture's plans to open 10 generative AI 'innovation hubs' around the world.[23]

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.[24] This is equivalent to 633 times what the median employee at Accenture earned that same year adjusted for cost-of-living.[25]

Board service

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In addition to Accenture's board of directors, Sweet has been a member of the Business Roundtable and Catalyst.[26][27][28] She has also served on the trustees boards for the Center for Strategic and International Studies,[29] the World Economic Forum,[30] and Bridges from School to Work, which was established by the founders of Marriott International.[31][32]

Personal life

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Sweet is married to Chad Creighton Sweet,[1] and has two daughters.[12][33] They live in Bethesda, Maryland.[2]

Recognition

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The New York Times called Sweet "one of the most powerful women in corporate America" in 2019.[4] Fortune magazine included Julie Sweet in their "Most Powerful Women" list since 2016,[34] and she was named No. 1 on the list for 2020.[35] 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,[36] and No. 2 on the list for 2022.[37]

Sweet was included in the list of "World's 100 most powerful women" by Forbes (in 11th position) in 2023.[38]

In 2024, the Anti-Defamation League gave Sweet its 2024 Courage Against Hate Award.[39]

References

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  1. ^ a b Jaffee, Michelle Koidin (2004-10-10). "Julie Spellman and Chad Sweet". Weddings/Celebrations: Vows. The New York Times. Archived from the original on 2021-07-06. Retrieved 2021-07-06.
  2. ^ a b "Forbes profile: Julie Sweet". Forbes. 2021-12-07. Retrieved 2022-07-15.
  3. ^ Gill, Kristine (2022-04-27). "How the best companies to work for are thriving despite the Great Resignation". Fortune. Retrieved 2022-06-06.
  4. ^ a b c d Gelles, David (2019-01-02). "Julie Sweet of Accenture Could See Her Future. So She Quit Her Job". The New York Times. Archived from the original on 2021-07-06. Retrieved 2019-07-16.
  5. ^ "Most Powerful Women". Fortune. 2020. Retrieved 2022-06-06.
  6. ^ a b "Most Powerful Women". Fortune. 2021. Retrieved 2022-06-06.
  7. ^ The David Rubinstein Show, "Julie Sweet, Accenture Chair & CEO", S6:E28, 6 October 2021, Bloomberg TV, after 11 minutes 30 seconds.
  8. ^ Maake, Katishi. "Accenture taps Arlington-based Julie Sweet as global chief executive". Washington Business Journal. Retrieved 2019-07-16.
  9. ^ a b c d e f Gelles, David (2019-07-11). "Julie Sweet to Run Accenture, Adding a Woman to the Ranks of Corporate C.E.O.s". The New York Times. Retrieved 2019-07-16.
  10. ^ "Accenture Taps Ex-Cravath Partner As New CEO". Law360. 2019-07-11. Retrieved 2019-10-11.
  11. ^ Abadi, Mark (2019-01-04). "The CEO of a consulting firm says if 'you can see your future' at work, you may not be in the right career". Business Insider. Retrieved 2019-10-08.
  12. ^ a b Horswill, Ian (2019-07-12). "Julie Sweet named first female CEO of Accenture". CEO Magazine. Retrieved 2019-10-08.
  13. ^ "Accenture names Julie Sweet chief executive officer". Consulting.us. 2019-07-15. Retrieved 2019-10-08.
  14. ^ Prang, Allison. "Accenture Picks Julie Sweet as Chief Executive". The Wall Street Journal. Retrieved 2019-07-16.
  15. ^ "Accenture names Julie Sweet as CEO". Reuters. 2019-07-11. Retrieved 2019-10-08.
  16. ^ a b c Aliaj, Ortenca. "Accenture promotes North America boss to global CEO". Financial Times. Retrieved 2019-07-16.
  17. ^ Hinchliffe, Emma (2019-07-22). "Women Lead Only 2.8% of Fortune Global 500 Companies". Fortune. Retrieved 2019-10-08.
  18. ^ "Transcript: The Path Forward: Digital Acceleration with Accenture CEO Julie Sweet". Washington Post. Retrieved 2021-04-06.
  19. ^ Dantes, Damanick (2019-01-08). "Accenture CEO: Diversity and Inclusion Start From Within". Fortune. Retrieved 2019-11-18.
  20. ^ Brown, Dalvin (2019-06-25). "Who are the best CEOs for minority workers? Heads of Intuit, T-Mobile, Google rank high". USA Today. Retrieved 2019-11-18.
  21. ^ Murray, Alan (2019-07-11). "Accenture Names a New CEO: Julie Sweet". Fortune. Retrieved 2019-10-08.
  22. ^ King, Hope (2023-09-14). "Axios Finish Line: Lead like Accenture CEO Julie Sweet". Axios. Retrieved 2024-06-20.
  23. ^ "Accenture CEO Julie Sweet Speaks with Bloomberg in Davos". Bloomberg. 2024-01-18. Retrieved 2024-03-23.
  24. ^ 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" (PDF). Institute for Policy Studies. Archived (PDF) from the original on 2024-08-29. Retrieved 2024-08-31.
  25. ^ Phadnis, Shilpa; Mani, Veena (2024-08-13). "CEO pay in IT zooms... at times over 1,000 times median salary". The Times of India.
  26. ^ Kahn, Jeremy (2022-01-26). "CEOs of America's biggest companies detail how to achieve 'responsible A.I.'". Fortune. Retrieved 2024-09-11.
  27. ^ "Julie Sweet". Business Roundtable. Retrieved 2024-09-11.
  28. ^ "Board of Directors". Catalyst. Retrieved 2024-09-11.
  29. ^ "Board of Trustees & Counselors". Center for Strategic and International Studies. Retrieved 2024-09-11.
  30. ^ "Julie Sweet". World Economic Forum. Retrieved 2024-09-11.
  31. ^ "The Path Forward: Digital Acceleration with Accenture CEO Julie Sweet". The Washington Post. 2020-12-09. Retrieved 2024-09-11.
  32. ^ "Bridges Leadership". Bridges from School to Work. Retrieved 2024-09-11.
  33. ^ "Julie Sweet". Working Mother. 2016-11-11. Retrieved 2019-10-08.
  34. ^ "Most Powerful Women: Julie Sweet". Fortune. 2016-08-26. Archived from the original on 2016-09-13. Retrieved 2024-10-20.
  35. ^ "Julie Sweet | 2020 Most Powerful Women". Fortune. Retrieved 2022-10-14.
  36. ^ "Julie Sweet | 2021 Most Powerful Women". Fortune. Retrieved 2022-10-14.
  37. ^ "Julie Sweet | 2022 Most Powerful Women". Fortune. Retrieved 2022-10-14.
  38. ^ "The World's Most Powerful Women 2023". Forbes.
  39. ^ "Accenture CEO Julie Sweet to Receive ADL's Prestigious 2024 Courage Against Hate Award". www.adl.org. Retrieved 2024-03-23.
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