Former Ahold USA CFO and private equity executive become Accenture’s 11th
and 12th independent directors
NEW YORK--(BUSINESS WIRE)--
Accenture (NYSE:ACN) announced today that Paula A. Price and Frank K.
Tang have been appointed to the company’s Board of Directors, effective
May 9. Ms. Price, 52, was executive vice president and chief financial
officer of Ahold USA, a U.S. grocery retailer, until January 2014. Mr.
Tang, 45, is CEO and managing partner of FountainVest Partners, a
private equity fund dedicated to investments in China.
Ms. Price and Mr. Tang will both be subject to re-appointment at the
next Accenture plc annual general meeting of shareholders. Ms. Price has
also been appointed to serve on the board’s Audit Committee, while Mr.
Tang will serve on the Finance Committee.
“I am very pleased to welcome Paula and Frank to our board of
directors,” said Pierre Nanterme, Accenture’s chairman and CEO. “Paula
brings broad experience across finance, general management and strategy
positions in the retail, financial services and consumer packaged goods
industries. Frank has served in leadership roles in private equity and
investment banking, with expertise in Asia, particularly in China—an
important growth market for Accenture. We are fortunate to have
accomplished leaders on our board who reflect the global and diverse
nature of Accenture’s business. I am confident that we will benefit from
the perspectives that Paula and Frank can provide as we continue to
focus on driving results for our clients and shareholders.”
With these appointments, Accenture’s board now comprises 13 directors,
12 of whom are external and independent. Mr. Nanterme is the board’s
only internal director.
As CFO at Ahold USA, which operates more than 700 supermarkets under the
Stop & Shop, Giant and Martin’s names as well as the Peapod online
grocery delivery service, Ms. Price was responsible for finance and
accounting, strategic planning, real estate and information technology.
Before joining Ahold in 2009, she was the controller and chief
accounting officer at CVS Caremark. Earlier in her career, Ms. Price was
CFO for the Institutional Trust Services division of JPMorgan Chase, and
held several other senior management positions in the U.S. and the U.K.
in the financial services and consumer products industries. A certified
public accountant, she earned her MBA from the University of Chicago and
her BS from DePaul University.
Before co-founding FountainVest Partners in 2007, Mr. Tang was senior
managing director and head of China investments at Temasek Holdings, a
Singapore investment company. Earlier in his career, he was a managing
director at Goldman Sachs, where he worked for nearly 11 years. He began
his investment banking career in Goldman’s New York office before moving
to Hong Kong, where he headed the telecommunications, media and
technology investment banking effort in Asia, excluding Japan. Mr. Tang
earned his MBA from Columbia Business School and his Bachelor’s degree
from Donghua University.
Accenture is a global management consulting, technology services and
outsourcing company, with approximately 289,000 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$28.6 billion for the fiscal year ended Aug. 31, 2013. Its home page
Alex Pachetti, + 917-452-5519