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CEO SMITH TO BE INTUIT CHAIRMAN Featured

Brad Smith, IntuitIntuit CEO Brad Smith is scheduled to become chairman of the software company in January. The company this week announced the move after Bill Campbell, chairman of the board of directors since August 1998, said he would retire that month. Campbell also served as president and CEO from April 1994 to July 1998 and as acting CEO from September 1999 through January 2000. I don't know what this means for the running of the company.

Smith has been CEO since January 2008. Is it time to start thinking about a succession plan being put into place? It does not have to be immediate, simply a step toward that end. My favorite internal candidate is SVP Sasan Goodarzi, who has rotated through different parts of the company during two tenures at Intuit. He was SVP and GM for the company's ProTax division and Intuit Financial Service from 2004 through 2010. He came back to Intuit as chief information officer in 2011 and took over his current role leading the Consumer Tax Group in 2013. I have similar feelings about this year's promotion of Jim McGeever as president of NetSuite where Zach Nelson has led the company for 15 years—perhaps the first step in transition? McGeever was CFO for several years and then COO. In these cases, the execs have the broad experience in many areas of the company's operation, a background often desired in CEOs.

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