Intuit Names New Leader for Financial Services Unit
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--
Intuit Inc. (Nasdaq: INTU) today named CeCe Morken, 53, as vice
president and general manager of Intuit Financial Services.
Morken succeeds Sasan Goodarzi, 42, who has accepted a position as Chief
Executive Officer of Nexant, a privately held firm in the clean energy
industry. Since joining Intuit in 2004, Goodarzi has successfully led
Intuit's vertical software solutions division, professional tax division
and, since 2008, Intuit Financial Services.
"Under Sasan's leadership, Intuit Financial Services has introduced new
offerings in the market while strengthening the fundamentals of the
business for long term growth," said Brad Smith, Intuit president and
chief executive officer. "Sasan assembled a strong management team and
clearly defined a winning strategy that is producing tangible results. I
want to thank him for all his contributions to Intuit.
"CeCe Morken has a breadth and depth of experience and understanding in
the banking industry. Over her many years with IFS, and Digital Insight
prior to being acquired by Intuit, she's built strong relationships with
valued industry partners as well as key customers and prospects. Her
strategic thinking, commercial experience and proven track record of
delivering results have prepared her well to lead this business," Smith
Intuit Inc. is a leading provider of business and financial management
solutions for small and mid-sized businesses; financial institutions,
including banks and credit unions; consumers and accounting
professionals. Its flagship products and services, including
QuickBooks®, Quicken® and TurboTax®, simplify small business management
and payroll processing, personal finance, and tax preparation and
filing. ProSeries® and Lacerte® 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
Founded in 1983, Intuit had annual revenue of $3.5 billion in its fiscal
year 2010. The company has approximately 7,700 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.
About Intuit Financial Services
Intuit Financial Services helps banks, credit unions and other financial
institutions grow by making it easier for consumers and businesses to
manage their money. We've applied more than three decades of customer
insights to build an innovative portfolio of on-demand solutions and
services that anticipates and meets their needs. Learn more at www.ifs.intuit.com.
Matt Rhodes, 650-944-2536 (Investors)
Carlini, 650-944-6251 (Media)
Source: Intuit Inc.
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