New York (July 14, 2004) -- Accenture has named Michael G. McGrath, chief risk officer and Capital Committee chairman, as its chief financial officer, succeeding Harry You, who resigned to take the same post at Oracle Corp.

You joined Accenture as CFO in June 2001 to help lead the firm through its transition to becoming a public company. Prior to that, he was a managing director in charge of the Computer and Business Services Group at Morgan Stanley.

The appointment marks McGrath's second stint as the consulting giant's CFO. He served as CFO from 1997 until Accenture's initial public offering in July 2001. He served as treasurer and managing partner of corporate matters at Accenture and as the firm's capital risk officer prior to becoming chief risk officer in March 2002.

McGrath, 58, will continue as a member of Accenture's management committee, executive committee and global leadership council. McGrath, who joined Accenture in 1973 and became a partner in 1982, has served in various roles during his tenure at the firm, including stints as London managing partner of practice process and quality; country managing partner for Italy; regional managing partner for Italy, Greece and Turkey; and consulting managing partner for the St. Louis office.

-- WebCPA staff

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