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Home Market Research Business

How Accenture’s Julie Sweet hacked the CEO track

by TheAdviserMagazine
12 months ago
in Business
Reading Time: 4 mins read
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How Accenture’s Julie Sweet hacked the CEO track
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In the traditional playbook of corporate ascension, general counsel isn’t typically seen as a springboard to the CEO suite, especially not at a global technology consultancy. And yet, Julie Sweet has not only defied that assumption, she’s redefined what modern CEO readiness looks like in an era when domain expertise is being eclipsed by intellectual agility.

Before she took the helm of Accenture, the $176 billion consulting powerhouse, Sweet was a partner at Cravath, Swaine & Moore, the elite Manhattan law firm where partners rarely leave and even more rarely leap into a completely different industry. She had built a career there closing high-stakes M&A deals, not architecting cloud transformations or negotiating AI partnerships.

But in 2010, when Accenture approached her to become its general counsel, Sweet made the jump. Her father had recently died at age 68, a personal loss that left her reflecting on what she wanted her career and life to look like. “It reminded me to make sure I was living life to the fullest,” she told my colleague, Lila MacLellan, in a newly published Fortune magazine feature.

At the time, Accenture was shifting its growth strategy and looking to become more acquisitive. It saw in Sweet a business-savvy legal partner who could help execute on that ambition. Still, she joined with no formal background in technology and admits she didn’t know what the cloud was when she started.

Rather than seeing that gap as a liability, Sweet treated it as a learning opportunity. She enlisted Bhaskar Ghosh, now Accenture’s chief strategy and innovation officer, as a personal tutor. They met every two weeks for 18 months. It was a deliberate, sustained effort to build fluency in an area that would soon become central to Accenture’s future and her own.

Sweet has emphasized that understanding technology isn’t optional for executives; it’s foundational. Leaders today, she says, must understand how tech is changing products, industries, and customer expectations.

In 2019, following the untimely death of CEO Pierre Nanterme, Sweet was named chief executive. Her ability to connect the dots across legal, strategic, and operational domains has proven an asset, especially as the company scales up partnerships with firms like Nvidia and Palantir to embed AI across both commercial and government clients.

In interviews with Fortune, analysts credited her with positioning Accenture for the next wave of enterprise transformation. Clients described her as highly engaged, detail-oriented, and deeply prepared. Former colleagues also highlighted her ability to synthesize complex information and her tendency to keep pressing until she fully understands an issue.

Although Sweet’s path from law to CEO of a consulting and tech services company may be atypical, it reflects what modern leadership demands. Increasingly, the most effective CEOs aren’t those who simply follow a linear path up a single function, but rather those who can cross disciplines, absorb new knowledge quickly, and operate with intellectual range.

Read the full article here.

Ruth [email protected]

Smarter in seconds

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Automation alert. Microsoft researchers have revealed the 40 jobs most exposed to AI

Leadership lesson

Perplexity CEO Aravind Srinivas on having successful business ideas: “You should assume that if you have a big hit, if your company is something that can make revenue on the scale of hundreds of millions of dollars or potentially billions of dollars, you should always assume that a model company will copy it.”

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As Rupert Murdoch’s frailty takes center stage in court, the spotlight shifts to the high-stakes succession battle that could redefine his media empire. Fortune

Among Fortune Global 500 companies, a record 6.6% have female CEOs, up slightly from last year, but still well behind the Fortune 500, where women lead 11% of companies. Fortune

Massive market gains and complex bonus structures have supercharged stock awards for some CEOs. WSJ

Amazon’s retail business posted its strongest growth since early 2021, but that wasn’t enough to offset investor concerns as flat AWS growth and weak AI momentum cast doubt on the company’s future edge. Fortune

U.S. job growth has averaged just 35,000 over the past three months—the weakest stretch since the pandemic. Bloomberg

Figma shares surged for a second day on Friday after more than tripling in their NYSE debut. CNBC

This is the web version of the Fortune Next to Lead newsletter, which offers strategies on how to make it to the corner office. Sign up for free.



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