Accenture's Russian business transfers to local mgmt., to be renamed

MOSCOW. April 12 (Interfax) - Accenture Plc, which at the beginning of March announced its exit from Russia due to the military operation in Ukraine, has completed the transfer of its business in the country to its local management, the consulting company said.

"The new company, which will be renamed, is now 100% owned by local leadership and 100% independent from Accenture," the company said.

As of April 11, 33% of Accenture LLC is owned by CEO Vartan Dilanyan and other senior executives hold stakes of 5% to 17%, the Unified State Register of Legal Entities showed.

The company has almost 2,300 employees in Russia, Accenture said in its March press release. The Russian division closed 2020 with a net profit of 1.75 billion rubles on revenue of 8 billion rubles, the SPARK-Interfax system showed.