Intuit, Inc. (NASDAQ: INTU) announced today that its Board of Directors elected William V. Campbell chairman and William H. Harris, Jr. president and chief executive officer at its July 28 board meeting. Intuit also announced that founder Scott D. Cook, became chairman of the executive committee of the Board. Cook will continue to work full time with the company.
The announcement confirms the intent of the Board, first disclosed this past May 12. Cook, 46, had been serving as chairman; Campbell, 57, as president and CEO; and Harris, 42, as executive vice president. The changes confirmed at the July 28 board meeting will be effective August 1, 1998, coincident with the beginning of Intuit's new fiscal year.
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.
