Intuit CEO Brad Smith to Step Down

Sasan Goodarzi to succeed him; company reports 17% increase in quarterly revenue

Intuit Inc., the maker of TurboTax and QuickBooks, said Thursday that Brad Smith will step down as chief executive later this year with the head of its small-business division set to succeed him.

The company announced Sasan Goodarzi, who is currently general manager of Intuit’s small-business and self-employed group, is set to become CEO on Jan. 1. Mr. Smith, who also serves as chairman, will take on the executive chairman role. Mr. Goodarzi, who has been with the company since 2004, will also join the board in January.

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