Two veteran Intuit executives, Kiran Patel, the EVP who led the company's small business group, and Alex Lintner, the SVP who headed its global business division, are leaving the company. Their positions are being absorbed into the structure that includes three new divisions. Among the remaining executives, Jill Ward, the SVP who has led Accounting Professionals Division, picks up added global responsibilities. In fact, the announcement showed a strong focus on global business.The biggest casualty was Patel who was one of the company's five named executives for SEC reporting for 2012. His 2012 compensation $4,791,271 was only $47,000 higher than in 2011 and well under his slightly more than $7 million in 2010. He and Lintner are leaving Intuit after its fiscal year ends on July 31.
One of the most notable impacts was that the reorganization brings Sasan Goodarzi back into a business division. Goodarzi left Intuit in 2010 after six years there in jobs that included his role as SVP of the Financial Institutions Division. He served briefly as CEO of Nexant, but rejoined Intuit in 2011 as chief information officer. Goodarzi is now SVP and general manager of Intuit's Consumer Tax division, one of the company's two major revenue producers through its TurboTax tax preparation line.
Among other major changes is the naming of Dan Wernikoff to the role of SVP and general manager of the new Small Business Financial Solutions division, with responsibility for QuickBooks, Intuit Payments Solutions and the Intuit Partner Platform. He had served as SVP and general manager of the Financial Management Solutions division since August 2010 and has held VP positions with Intuit since 2003.
Dan Maurer, who was SVP and general manager of the Consumer Group, for the last five years, now holds the same titles for the new Small Business Management Solutions, with his portfolio comprising Employee Management Solution, Demandforce and the company's Quickbase business. Maurer was also one of five named executives in 2012 and had compensation of just over $3 million, down from $3.8 million the prior year.
Barry Saik became VP and general manager of the Consumer Ecosystem, a new division focused on Quicken and other small business products. Saik, who led Quicken for the last year, most recently led the divestiture of Intuit websites in 2012 as its general manager. He also had leadership roles in the TurboTax operation.
Cece Morken remains in her job as SVP senior vice president and general manager of Intuit Financial Services. She has been in that position for three years.
Besides reporting Ward's position as adding global responsibilities, the Small Business Financial Solutions and Small Business Management Solutions divisions were described as global operations. Intuit has been working to expand beyond its overwhelming dependence on revenue from the United States over the last few years.
