Intuit names new CFO

Intuit Inc., the company that created the QuickBooks software, has announced its new chief financial officer, who will take over when Neil Williams steps down in January next year.

Michelle Clatterbuck, who currently serves as senior VP of finance for Intuit’s tax group and as acting finance leader for Intuit’s small business group, will take over the role from February 1, 2018.

Williams will step down after 11 years in the position and Brad Smith, Intuit’s chairman and CEO, said: “Neil has decided to step away and embark on a new chapter, freeing him up from full-time employment to pursue other personal goals.

“We are fortunate to have benefited from Neil’s leadership for more than a decade.

“Neil has also built a deep bench of strong financial leaders that makes a seamless transition possible. Michelle is a talented professional whose experience and leadership make her a natural and excellent successor to Neil,” Smith added.

Clatterbuck has seen her star rise at Intuit, becoming vice president of finance for the professional tax business in 2006, before going on to lead finance for Intuit’s consumer tax group, where she was promoted to senior vice president within a year.

Praised as a strategic business leader and financial adviser by an Intuit spokesperson, Clatterbuck led the development of a business case for tax replatforming and cloud migration, and has  championed Intuit’s initiative to develop women leaders in finance.

“Given her proven track record in leading finance in our core businesses, combined with her strong operational capabilities, I’m confident in her ability to continue to advance our trajectory as a financially sound growth company.

“I’m excited to see Michelle lead opportunities to accelerate our performance in the years ahead,” said Smith.

Founded in 1983, Intuit has 42 million customers in North America, Europe, Australia and Brazil, and reported a $5.2 billion revenue in fiscal year 2017.

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