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    INTU   US4612021034

INTUIT INC.

(INTU)
  Report
Real-time Estimate Cboe BZX  -  02:41 2022-10-05 pm EDT
413.43 USD   +0.34%
10/03Hoping for the best
MS
10/03Analyst recommendations: Citigroup, EasyJet, Intuit, Sage, Wells Fargo...
MS
09/30Stifel Adjusts Price Target on Intuit to $475 From $525, Maintains Buy Rating
MT
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Intuit Mailchimp CEO and Co-Founder Ben Chestnut to take on Business Advisor Role; SVP of Intuit QuickBooks Money Platform Rania Succar assumes Mailchimp CEO Duties

08/10/2022 | 10:14am EDT

 

Intuit (NASDAQ: INTU), the global technology platform behind QuickBooks, TurboTax, Mint, Credit Karma, and Mailchimp, announced today that Ben Chestnut has made the decision to step back from his role as CEO of Intuit Mailchimp to take on a Business Advisor role within the organization.

“I wanted Mailchimp to join Intuit so we could create one growth platform for small businesses everywhere,” said Ben Chestnut, who has led Mailchimp as CEO since co-founding the business 21 years ago. “I have always seen the potential for Mailchimp – an iconic brand which is loved all over the world – to win globally. I’m excited to ensure its continued success by making room for talented new leadership that will help our employees and our business soar to the next level.”

Mailchimp became a part of Intuit’s Small Business and Self-Employed Group (SBSEG) in November 2021 following its acquisition by Intuit. Since the transaction closed, Ben has served as CEO of Mailchimp. Going forward, Ben will remain a part of Mailchimp’s senior leadership team, helping drive product innovation at Mailchimp while also leaning in on talent recruitment in the burgeoning Atlanta technology corridor. A key ambassador for the brand, Ben will continue to support Intuit’s growing presence in the Atlanta technology, business and civic communities, which is strong as a result of the longstanding investment Mailchimp has made since its founding there in 2001.

“Ben has been a visionary and caring leader whose passion for small businesses is coded into Mailchimp’s DNA,” said Alex Chriss, Executive Vice President and General Manager of the Intuit Small Business and Self-Employed Group (SBSEG). “His continued contributions to the Mailchimp team will be invaluable as Rania Succar takes the helm, accelerating the business and helping Intuit bring the power of QuickBooks and Mailchimp together to serve small and mid-market businesses around the world.”

Rania Succar, a six-year veteran of Intuit, will add the role of Intuit Mailchimp CEO to her responsibilities. In her role as SVP of the QuickBooks Money Platform, Rania has a proven track record of accelerating business growth, and building and leading global teams through transformation. She brings to bear a wealth of experience from her prior roles at Merrill Lynch, McKinsey and Google, as well as her graduate and undergraduate studies at Harvard. Under Rania’s leadership, the QuickBooks Online Payments business has grown three-fold since she took the helm in 2018. Since Mailchimp is part of the Intuit Small Business Self-Employed segment, as Intuit Mailchimp CEO and SVP of the QuickBooks Money Platform, Rania will remain a part of the SBSEG leadership team reporting to Alex Chriss.

“I’m blown away by all that Ben and the Mailchimp team have done to help small businesses succeed,” said Rania Succar, Intuit Mailchimp CEO and SVP of the QuickBooks Money Platform. “I’m so honored to be joining this incredible brand and to be entrusted with guiding Mailchimp into its next chapter at a time when small and mid-market businesses around the world need us more than ever.”

About Intuit

Intuit is the global technology platform that helps consumers and small businesses overcome their most important financial challenges. Serving more than 100 million customers worldwide with TurboTax, QuickBooks, Mint, Credit Karma, and Mailchimp, we believe that everyone should have the opportunity to prosper. We never stop working to find new, innovative ways to make that possible. Please visit us for the latest information about Intuit, our products and services, and find us on social.


© Business Wire 2022
All news about INTUIT INC.
10/03Hoping for the best
MS
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MS
09/30Stifel Adjusts Price Target on Intuit to $475 From $525, Maintains Buy Rating
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Analyst Recommendations on INTUIT INC.
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Financials (USD)
Sales 2023 14 585 M - -
Net income 2023 2 014 M - -
Net Debt 2023 917 M - -
P/E ratio 2023 58,1x
Yield 2023 0,74%
Capitalization 116 B 116 B -
EV / Sales 2023 8,03x
EV / Sales 2024 6,84x
Nbr of Employees 17 300
Free-Float 97,2%
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Technical analysis trends INTUIT INC.
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TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 23
Last Close Price 412,01 $
Average target price 532,40 $
Spread / Average Target 29,2%
EPS Revisions
Managers and Directors
Sasan K. Goodarzi President, Chief Executive Officer & Director
Michelle M. Clatterbuck Chief Financial Officer & Executive Vice President
Suzanne Nora Johnson Chairman
Atticus Tysen Chief Information Officer & Senior Vice President
Marianna Tessel Chief Technology Officer & Executive VP
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