Intuit Inc. announced that Brad Smith, current president, chief executive officer and chairman of the board, will step down as CEO at the end of December 2018. Smith will remain with Intuit and become Executive Chairman of Intuit's Board of Directors. The board has appointed Sasan Goodarzi, currently executive vice president and general manager of Intuit's Small Business and Self-Employed Group, to succeed him effective Jan.

1, 2019. Goodarzi will also be joining Intuit's Board of Directors at that time. Goodarzi, 50, will continue in his current role leading Intuit's Small Business and Self-Employed Group until the end of the year as both he and Smith work closely to successfully complete the transition.

Goodarzi was appointed to his Small Business and Self-Employed role in May 2016. Previously, he was executive vice president and general manager of Intuit's Consumer Tax Group and, before that, served as Intuit's chief information officer, as the general manager of Intuit's ProTax organization and as the general manager of Intuit's Financial Services Division. In addition, Chief Technology Officer Tayloe Stansbury will step down Jan.

1, 2019. Marianna Tessel, senior vice president and chief product development officer for Intuit's Small Business and Self-Employed Group, will succeed Stansbury as Intuit's CTO. During his 9-year run at the company, he spearheaded Intuit's successful transition from the desktop to the web and from the web to mobile and most recently to the public cloud.

Stansbury started the company on its path toward an integrated ecosystem of products and led a giant leap forward in Intuit's artificial intelligence capability.