Michael Redding will leave US-based Accenture this month after 29 years at the management consulting firm that including five years as founder and head of corporate venturing unit Accenture Ventures.
Redding said: “I am ending my run at Accenture as the time is right to pass the mantle on to an exciting leadership team that will take our program to new heights. After a break 29 years in the making (such as Covid-19 will accommodate), I am looking forward to a new adventure building on my experience in technology innovation and corporate venturing.
“A personal highlight of the past five years has been the opportunity to translate what I have learned and observed from the broader Corporate Venture community (starting with GCVI back in Sonoma) into scaled strategic results.
“A great example is the early investment I made in nCino which has led to well over a dozen tier-1 banking deployments and a recent IPO filing with true unicorn valuation.”
Serial entrepreneur Tom Lounibos was promoted to global managing director of Accenture Ventures earlier this year, as the unit hired Jake Kaldenbaugh to run its strategic minority investing (corporate venture capital) program.
Accenture Ventures hired Lounibos in April 2019 as an entrepreneur in residence, and he pledged to develop it as “an investment and collaboration platform that bridges the gap between the global software startup community and the Global2000 who seek competitive advantage from emerging technologies”.
Lounibos said: “From all of us here at Accenture, congratulations to Mike Redding on a fantastic (29-year) career at Accenture. It is truly amazing all that you have accomplished along the way. You are leaving Accenture a far better place than when you first started in 1991 and in no small part due to your tremendous efforts.
“In Ventures, you have left me with an extraordinary team and foundation on which to build. Your ‘shoes’ will be incredibly difficult to fill, I look forward to staying in touch. Happy trails my friend.”
Photo of Michael Redding courtesy of Accenture.
