Get the latest market trends in your inbox
Stay on top of the latest market trends and economic insights with the Axios Markets newsletter. Sign up for free.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Denver news in your inbox
Catch up on the most important stories affecting your hometown with Axios Denver
Des Moines news in your inbox
Catch up on the most important stories affecting your hometown with Axios Des Moines
Minneapolis-St. Paul news in your inbox
Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul
Tampa-St. Petersburg news in your inbox
Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg
Intuit's Brad Smith. Photo by Stephen McCarthy via Getty Images
TurboTax maker Intuit today said that CEO Brad Smith will step down at year-end, at which point he'll become executive chairman. The CEO role will go to Sasan Goodarzi, who currently leads Intuit's small business and self-employed group.
- The company also said chief technology officer Tyloe Stansbury will leave at year end, to be succeeded by Marianna Tessel.
Why it matters: Smith has one of the longer CEO tenures in Silicon Valley, with Intuit saying it generated more than a 600% shareholder return during his 11 years at the helm.