Intuit Names Jeff Weiner to Board of Directors
LinkedIn CEO Brings Operational Knowledge and Social Networking
Expertise
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--
Intuit Inc. (Nasdaq:INTU) announced the appointment of Jeff Weiner,
chief executive officer of LinkedIn, to its board of directors,
effective today. Weiner's appointment adds social networking expertise
and consumer web and mobile product acumen to the team and brings
Intuit's board membership to nine.
"Jeff Weiner broadens the diverse talents and wide range of experiences
of our current directors," said Brad Smith, Intuit's president and chief
executive officer. "Jeff's operational experience and first-hand
knowledge in building a successful social platform will be a valuable
contribution to Intuit's board."
Weiner, 42, leads the world's largest professional network on the
Internet. With more than 150 million members worldwide, LinkedIn
connects the world's professionals to make them more productive and
successful. LinkedIn has a diversified business model, with revenue from
member subscriptions, marketing solutions and hiring solutions. Under
his leadership, LinkedIn has expanded its global platform around the
world, rapidly grown its membership base and increased its revenue more
than six-fold.
"Jeff is leading a company at the forefront of the social world; he has
built an outstanding organization with a disciplined and efficient
approach that has yielded impressive revenue growth," said Intuit
Chairman Bill Campbell. "His abilities and extraordinary energy will be
of great value to our board."
Weiner joined LinkedIn in 2008 and became CEO in 2009. Previously he was
an executive in residence at Accel Partners and Greylock Partners. He
also served as executive vice president of Yahoo's network division and,
prior to that, helped build Warner Bros.' online efforts.
In addition to LinkedIn, Weiner serves on the board of directors for DonorsChoose.org
and Malaria No More. He holds a bachelor's degree in economics from The
Wharton School at the University of Pennsylvania.
About Intuit Inc.
Intuit Inc. is a leading provider of business and financial management
solutions for small and medium-sized businesses; consumers, accounting
professionals and financial institutions. Its flagship products and
services, including QuickBooks®, TurboTax® and Quicken®, simplify small
business management including payment and payroll processing, tax
preparation and filing, and personal finance. Lacerte® and ProSeries®
are Intuit's leading tax preparation offerings for professional
accountants. Intuit Financial Services helps banks and credit unions
grow by providing on-demand solutions and services that make it easier
for consumers and businesses to manage their money.
Founded in 1983, Intuit had annual revenue of $3.9 billion in its fiscal
year 2011. The company has approximately 8,000 employees with major
offices in the United States, Canada, the United Kingdom, India and
other locations. More information can be found at www.intuit.com.
Intuit Inc.
Matt Rhodes, 650-944-2536 (Investors)
matthew_rhodes@intuit.com
Diane
Carlini, 650-944-6251 (Media)
Diane_carlini@intuit.com
Source: Intuit Inc.
News Provided by Acquire Media
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