Summary
Intuit Inc. (INTU) has announced a significant leadership transition within its executive team, effective September 5, 2023. Marianna Tessel, currently Executive Vice President and Chief Technology Officer, will be appointed as the new Executive Vice President and General Manager of the Small Business and Self-Employed Group. This move comes as Alex Chriss departs Intuit to take on the role of CEO at PayPal, Inc. Concurrently, Alex Balazs, Senior Vice President and Chief Technology Architect, is set to assume the position of Executive Vice President and Chief Technology Officer. This reshuffling of key roles indicates Intuit's strategic focus on its Small Business segment and its technology leadership, with the company aiming to leverage the expertise of its internal talent to drive future growth and innovation in these critical areas.
Key Highlights
- 1Marianna Tessel appointed EVP and General Manager of Small Business and Self-Employed Group, effective September 5, 2023.
- 2Alex Chriss, current EVP and General Manager of Small Business and Self-Employed Group, is stepping down on September 5, 2023.
- 3Alex Chriss will become the new CEO of PayPal, Inc.
- 4Alex Balazs appointed EVP and Chief Technology Officer, effective September 5, 2023.
- 5The filing includes a press release as Exhibit 99.01 detailing these leadership changes.
- 6These changes suggest a strategic focus on both the Small Business segment and technology leadership within Intuit.