"Bill Campbell has been discussing his desire to step back from day-to- day management with me and the Board for quite some time," said Cook. "He has been an incredible CEO for Intuit and has built a very strong management team that will continue to execute the strategy we have in place. We will miss Bill s daily presence but value tremendously the ongoing guidance and advice he will provide in his role as chairman."

Bill Campbell transformed Intuit from a coalition of two small, newly public software developers into a $600 million financial software and Web-based services company. Campbell led the company through major strategy initiatives, including transitioning from desktop to Internet, increasing small business efforts and expanding internationally, as well as the development of systems infrastructure, financial operations and management strength.

During his tenure as CEO, Intuit's market value quintupled from $500 million to $2.5 billion as the company solidified its position as the clear leader in personal tax, personal finance and small business accounting software while inventing a whole new class of Web-based finance businesses, delivered through Intuit s Quicken.com Web site.

"Bill Harris and I have worked closely together over the last four years to build Intuit into what you see today," said Campbell. "We have the same beliefs about Intuit s strategy and opportunity for the future. Bill is a close personal friend and superb strategist. Scott Cook and I have been grooming him to become Intuit s next CEO for years; he is absolutely ready for it now."

Harris joined Intuit as executive vice president of Intuit s tax business in 1993 when Intuit acquired San Diego-based ChipSoft, Inc., the nation's leading publisher of tax preparation software. Harris served as ChipSoft's president and chief operating officer from 1991 to 1993, during which time the company s revenues tripled and its market valuation increased tenfold. In 1996, Campbell moved Harris to Intuit's headquarters in Mountain View, where he added responsibility for the company's Internet businesses and business development, along with the Tax Division. In 1997, Harris added the Consumer Division to his responsibilities, putting him in charge of more than half the company s revenues.

Prior to joining ChipSoft, Harris served as executive vice president of U.S. News & World Report, where he was responsible for the business operations of the magazine. Previously, he was employed by Time, Inc.

Campbell joined Intuit in 1994 as president and chief executive officer. Prior to Intuit, Campbell was president and chief executive officer of GO Corporation, a pen-based computing software company. Campbell was formerly the founder, president and chief executive officer of Claris Corporation, which was purchased by Apple Computer Inc. in 1990. He has also served as Apple s executive vice president, group executive of the United States. He joined Apple in July 1983 as vice president of marketing and subsequently held a variety of marketing, sales, distribution and support positions. He has also worked at Eastman Kodak Company and J. Walter Thompson.

Cook founded Intuit in 1983 and has served as the company s chairman since then. From 1983 to 1994, Mr. Cook also served as the company s president and chief executive officer. Prior to founding Intuit, Cook managed consulting assignments in banking and technology for Bain & Company, a corporate strategy consulting firm. Prior to Bain, Cook served in a variety of marketing positions for Procter & Gamble.