The $6 billion Intuit has restructured its top management by announcing the appointment of new CEO and CTO.
Brad Smith, president, CEO and chairman of the board, will step down as CEO at the end of December 2018.
Brad Smith, who spent 11 years in leadership position, will become executive chairman of Intuit’s Board of Directors.
Under Brad Smith, Intuit has more than doubled its customer base to approximately 50 million customers, doubled its revenue to nearly $6 billion and more than tripled earnings per share.
Sasan Goodarzi, currently executive vice president and general manager of Intuit’s Small Business and Self-Employed Group, will be the new CEO of Intuit.
Sasan Goodarzi earlier led each of Intuit’s largest businesses and served as chief information officer (CIO) during his 13 years with the company.
Intuit chief technology officer (CTO) Tayloe Stansbury will step down January 1, 2019.
Tayloe Stansbury, during his 9-year run at the company, spearheaded Intuit’s transition from the desktop to the web and from the web to mobile and most recently to the public cloud.
Marianna Tessel, senior vice president and chief product development officer for Intuit’s Small Business and Self-Employed Group, will be the new CTO of Intuit.
Marianna Tessel, a former engineer and a captain in the Israeli Army, has leadership experience at both large companies as well as startups. She held senior engineering leadership roles at General Magic, Ariba, VMware and Docker.
Alex Chriss, currently senior vice president and chief product and platform officer for Intuit’s Small Business and Self-Employed Group, will succeed Goodarzi as general manager of the business unit.
Before joining Intuit in 2004, Sasan Goodarzi served as the president of the products group for Invensys and held senior management roles in the automation control division at Honeywell. He also co-founded and served as CEO of technology startup Lazer Cables.
Sasan Goodarzi earned his master’s degree in business administration from the Kellogg School of Management at Northwestern University and earned his bachelor’s degree in electrical engineering at the University of Central Florida.
Intuit announced revenue of $988 million (+17 percent) in Q4 and nearly $6 billion (+15 percent) in full fiscal 2018.