Accenture’s Cloud Director Leaves To Become CEO Of VTG
“The firm is set to grow further from here and I feel privileged to have the opportunity to lead that charge,” said VTG’s new CEO Dean Marsh.
As Accenture lays off 19,000 employees, the company’s managing director for its cloud business, Dean Marsh, has left to become CEO of solution provider Virtual Technologies Group (VTG).
“VTG has built a reputation as a leading cloud and managed IT solutions company with exemplary client service, clearly driven by an incredibly talented leadership team,” said Marsh (pictured) in a statement. “The firm is set to grow further from here and I feel privileged to have the opportunity to lead that charge.”
Marsh was Accenture’s managing director for the company’s Cloud First business unit, which provides all its cloud services to Accenture customers. Launched in 2020, Cloud First was injected with $3 billion of investment to accelerate customers’ move to the cloud.
[Related: Accenture CEO Julie Sweet On Layoffs, Belt-Tightening, And Going After ‘Structural Costs’]
Marsh has over 20 years of IT experience including executive positions at the likes of IBM and Lotus Software, as well as being CEO and president of Dassault Systems Americas, prior to joining Accenture.
His main goal as CEO of VTG will be to drive the next stage of growth for the Maumee, Ohio-based solution provider.
Marsh’s departure from Accenture comes as the solution provider powerhouse lays off 19,000 employees.
Last month, Accenture said it would be laying off 19,000 employees over the next 18 months in one of the $62 billion IT giant’s largest layoff rounds in its history.
“We initiated actions to streamline our operations and transform our non-billable corporate functions to reduce costs,” said Accenture in a recent filing with the U.S. Securities and Exchange Commission.
“Over the next 18 months, these actions are expected to result in the departure of approximately 19,000 people (or 2.5 percent of our current workforce), and we expect over half of these departures will consist of people in our non-billable corporate functions,” Accenture wrote.
One of the biggest reasons why Accenture is cutting 19,000 employees is due to its rapid hiring in 2022.
Accenture increased its headcount by a whopping 39,000 employees between February 2022 and February 2023. The company now has around 738,000 employees, compared to 699,000 in February 2022, according to Accenture.
Virtual Technologies Group
Founded in 1962, Virtual Technologies Group is a minority-owned and led solutions provider that specializes in cybersecurity, VoIP communications and infrastructure management.
In September, VTG received an investment from private investment firm Jacmel Growth Partners in a move to boost its offerings and market reach.
Marsh will lead VTG’s strategic growth initiatives together with President Tom Allen, who will continue to oversee operations at the firm, and Chief Revenue Officer Mike Curtis, who will continue to oversee the company’s sales efforts.