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Accenture announced on Wednesday that David Droga, CEO of its technology-focused creative group Accenture Song, will step down from his role in September. Droga will transition from his day-to-day leadership role into a broader strategic role as vice chair of Accenture. As part of the transition, Ndidi Oteh, who currently serves as the Americas lead for Accenture Song, will become the CEO of Accenture Song, the company said. He will also join Accenture’s Global Management Committee. Meanwhile, Nick Law, current creative chairperson for Accenture Song, is set to become the creative strategy and experience lead. ‘Once-in-a-generation creative leader’ An award-winning creative executive, Droga founded his New York-based namesake advertising agency, Droga5, in 2006. Under his leadership, the creative agency won numerous awards for its innovative advertising campaigns. In 2019, Droga sold Droga5 to Accenture Song (formerly Accenture Interactive). The agency has offices in New York City, London, Dublin, Tokyo, and So Paulo. He became CEO of Accenture Song in 2021 after Accenture chair and CEO Julie Sweet asked him to step into the leadership role, as Sweet told Modern CEO in January. She saw the benefit of bringing his creative perspective to the leadership team. Droga’s ideas helped to transform Accenture Song and accelerated the company’s growth. As CEO, he introduced an operating model that merged creativity, design, technology, AI, data, and strategy into one connected platform. Droga spoke about how AI was transforming the advertising industry on Fast Company‘s Brand New World podcast in February. In a news release, Sweet described Droga as a “once-in-a-generation creative leader and business builder” who has “lived our core value of stewardship and has developed the next generation of leaders who will build an even better Song.” ‘I am ready to catch my breath’ In todays company news release, Droga expressed appreciation and conveyed his optimism for the future of Accenture Song. “With such extraordinary leadership in place, it felt like the right time,” he said. He also discussed his next chapter. “After 30 plus years of leaping, I am ready to catch my breath. And being vice chair will allow me to do that, but also to contribute in new ways.” Shares of Accenture Plc (NYSE: ACN) were flat in early trading on Wednesday.
Category:
E-Commerce
Between reports of travelers being arrested or hassled at border crossings and boycotts due to President Trumps divisive rhetoric, its no surprise that the number of international visitors to the United States has taken a sharp downturn. Now new research from Tourism Economics predicts an 8.5% decline in international tourism to the United States this year. As a result, the country could see an $8.5 billion downtick in international visitor spending, according to Tourism Economics, an Oxford Economics company. Meanwhile, the World Travel & Tourism Council has an even bleaker prediction, estimating a loss of $12.5 billion for 2025. The formers predictions are an improvement from a report two months ago, which put the decrease in arrivals at 9.4% and spending down to 5%, compared to 4.7%. However, theyre shocking when you consider that the researchers had initially predicted a 9% increase in international travelers and a 16% boost in their spending for 2025. ‘Negative sentiment effects’ The largest decline for a single country is predicted to reach 20.2% from Canadathe independent nation that President Trump has posited should go from neighbor to 51st state. Western Europe follows at an expected 5.8% decrease in visitors to the U.S. Canada and Europe already have a significant drop in flights booked for May to July, down 33% and 10.4%, respectively. Overall, the strained relationship between the U.S. and its key trading allies and tourism source markets will continue to weigh heavily on travel demand, stated Aran Ryan, the reports author and the director of industry studies. These negative sentiment effects referenced in our prior research, explain our view that Trump administration rhetoric and policies have contributed to a mix of traveler backlash and concerns about traveling to the U.S.
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E-Commerce
Stellantis, the world’s fourth-largest carmaker, named Italian auto executive Antonio Filosa as its new chief executive officer Wednesday, replacing Carlos Tavares, who resigned under pressure last year.Filosa, who is currently Stellantis’ chief operating officer for the Americas and chief quality officer, takes the post effective June 23, when he is expected to announce his leadership team.The move returns the running of Stellantis, created from the 2021 merger of France’s PSA Peugeot with Italian-US carmaker Fiat Chrysler Automobiles, to Italian hands after three years under Tavares, who previously served as Peugeot’s top executive. John Elkann, heir to the Fiat-founding Agnelli family, remains chairman.Elkann praised Filosa’s “deep understanding of our company, including its people, who he views as our core strength, and of our industry.”Robert Peugeot said the board’s choice was unanimous, calling Filosa a “natural choice” due to his leadership track record and knowledge of the business and “the complex dynamics facing our industry.”Filosa joined Fiat in 1999, spending much of his career in Latin America where held positions from plant manager to head of purchasing and later chief operating officer. He was credited with making the Fiat brand the regional market leader and boosting the market share of the Peugeot, Citroen, Ram and Jeep brands.He was promoted to chief operating officer of the Americas in 2024 in an executive shakeup as sales slumped in North America, its main source of profits.Stellantis has been lagging globally in the transition to electric powertrains and facing stiff Chinese competition. Analysts also have said Stellantis, with 14 brands, is yoked by too many under-performers, including Maserati and Chrysler. Colleen Barry, Associated Press
Category:
E-Commerce
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