Intuit Board Appoints Suzanne Nora Johnson as New Board Chair
November 15 2021 - 4:05PM
Business Wire
Brad Smith to Step Down as Executive Chairman
in January 2022
Intuit (NASDAQ: INTU), the global technology platform that makes
TurboTax, QuickBooks, Mint, Credit Karma, and Mailchimp, today
announced that Suzanne Nora Johnson has been appointed by the
Intuit Board of Directors to the role of Board Chair, effective in
January 2022, following the Annual Meeting of Shareholders. Brad
Smith, who served as CEO of Intuit from 2008 to 2018, Chairman from
2016 to 2018, and Executive Chairman since January 2019, will step
down from that position immediately following the Annual Meeting.
Smith intends to stand for re-election as a non-executive director
of the company at the Annual Meeting.
“I am thrilled that Suzanne will be the next Chair of Intuit’s
Board of Directors. She is a strong leader and has been an
incredible thought partner over the years for me and the Board,”
said Sasan Goodarzi, CEO of Intuit. “I look forward to working
closely with her as we continue our mission to power prosperity for
consumers and small businesses around the world. I also want to
thank Brad for his incredible leadership as the Executive
Chairman.”
Nora Johnson has served as an independent member of Intuit’s
Board since 2007 and as Lead Independent Director since 2016. She
currently chairs the Compensation and Organizational Development
Committee of the Board. She brings extensive experience in
Board-level oversight of strategy, financial reporting, regulatory
and compliance matters and executive compensation. She also brings
strong business leadership from her prior role as Vice Chairman of
The Goldman Sachs Group in managing large, complex, global
institutions. Intuit will continue to benefit from her expertise in
managing change in the financial services industry, public policy
and the macro-economic environment. Nora Johnson currently serves
on the boards of Pfizer Inc. and Visa Inc.
“I am honored to be appointed Chair of the Intuit Board. I look
forward to continuing to work with Sasan and the Board to continue
delivering for all our stakeholders,” said Nora Johnson. “Brad
Smith has been an outstanding Executive Chairman, and I look
forward to his continued service as a member of the Board.”
All changes will be effective immediately following the Annual
Meeting of Shareholders in January 2022 and the directors’ election
by shareholders.
About Intuit
Intuit is the global technology platform that helps consumers
and small businesses overcome their most important financial
challenges. Serving more than 100 million customers worldwide with
TurboTax, QuickBooks, Mint, Credit Karma, and Mailchimp, we believe
that everyone should have the opportunity to prosper. We never stop
working to find new, innovative ways to make that possible. Please
visit us for the latest information about Intuit, our products and
services, and find us on social.
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Investors Kim Watkins Intuit Inc. 650-944-3324
kim_watkins@intuit.com
Media Kali Fry Intuit Inc. 650-944-3036
kali_fry@intuit.com
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