"Lorrie has quickly proven herself as a valuable member of Intuit's senior management team, providing strong leadership for our QuickBooks, employer services, financial supplies and Intuit Developer Network groups," said Steve Bennett, Intuit's president and chief executive officer. "By moving our personal finance group under Lorrie's leadership, Intuit can better capitalize on both growth and cost synergies in her new larger organization."

The personal finance group will continue to be run as a separate unit. Enrico Roderick, the vice president who heads the group, will report directly to Norrington. "Quicken and the personal finance group have been - and remain - very important to the Intuit portfolio," said Bennett.

According to Bennett, the opportunity to share resources across the small business and personal finance groups will result in the elimination of some redundant jobs. "It's too early to know how many jobs will be eliminated, but we expect most employees will be able to find a position from the more than 180 jobs open at Intuit today," he said. Intuit will be implementing this change over the next several months.

Norrington, 41, joined Intuit as senior vice president of Intuit's small business division in August 2001. Prior to joining Intuit, Norrington had been at General Electric for 20 years, most recently as president and chief executive officer of GE Fanuc Automation, a global leader in factory automation products and solutions.