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PATEL OUT IN MAJOR INTUIT REORG

Sasan Goodarzi,  IntuitA major Intuit reorganization is leaving two high-level VPs without jobs. EVP Kiran Patel, who led the small business group, and SVP Alex Lintner, headed of its global business division, are leaving after Intuit's year ends July 31. But Patel, one of five named executives for SEC reporting, is the biggest change. His 2012 compensation $4,791,271 was only $47,000 higher than in 2011 and down from slightly more than $7 million in 2010.

In this week's earnings webcast, CEO Brad Smith said Patel reached his birthday and decided to retire. A big winner was Sasan Goodarzi, who left Intuit in 2010 after six years and was SVP of the Financial Institutions Division. Briefly CEO of Nexant, he rejoined Intuit in 2011 as CIO. Goodarzi is now SVP and GM of Intuit's Consumer Tax division, which handles TurboTax. This is starting to look a rotation for grooming a future CEO. Intuit also put a big emphasis on global business with the new Small Business Financial Solutions and Small Business Management Solutions divisions, described as global operations. In addition, Jill Ward, the SVP who has led the Accounting Professionals Division, kept her job but adds global responsibilities. Among other changes, Dan Wernikoff became SVP and GM 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. Dan Maurer, SVP and GM of the Consumer Group for the last five years, now holds the same titles for the new Small Business Management Solutions division, with his portfolio comprising Employee Management Solution, Demandforce and the Quickbase business. Maurer, also a named executive in 2012, had compensation of just over $3 million, down from $3.8 million the prior year. Barry Saik became VP and GM of the Consumer Ecosystem, a new division focused on Quicken. He has run the Quicken business for the last year.

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