TurboTax Parent Intuit Names New Finance Chief
August 22 2017 - 6:01PM
Dow Jones News
By Ezequiel Minaya
Intuit Inc., the maker of TurboTax and QuickBooks, said Tuesday
that Chief Financial Officer R. Neil Williams will step down from
his post next year after spending nearly 10 years with the
company.
He will be replaced by Michelle Clatterbuck, a senior finance
executive at Intuit.
Mr. Williams is slated to step down in January, with Ms.
Clatterbuck taking the reins Feb. 1.
She is currently senior vice president of finance for Intuit's
consumer tax group and acting finance leader for the company's
small business group. She joined Intuit in 2003 from General
Electric Co., according to her LinkedIn profile. Compensation
details weren't immediately available.
Mr. Williams joined Intuit in 2008 after serving as CFO at Visa
USA Inc., a subsidiary of Visa Inc., according to Intuit's
website.
"Neil has decided to step away and embark on a new chapter,
freeing him up from full-time employment to pursue other personal
goals," Brad Smith, Intuit's chief executive, said in a
statement.
During his time at Intuit, Mr. Williams "built a deep bench of
strong financial leaders," Mr. Smith added. Just last month, Ned
Segal, the company's senior vice president of finance for the $2.5
billion division that delivers QuickBooks to customers, was named
CFO of Twitter Inc.
Intuit also said Tuesday in its latest quarter, it earned 20
cents on an adjusted per-share basis, which is better than the 17
cents expected by analysts polled by Thomson Reuters. Revenue for
the period rose 12% to $842 million, better than the $804.6 million
expected by analysts.
Write to Ezequiel Minaya at ezequiel.minaya@wsj.com
(END) Dow Jones Newswires
August 22, 2017 17:46 ET (21:46 GMT)
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