Intuit  CEO, president and board chairman Brad Smith is stepping down as chief executive at the end of December 2018, the company said in a statement. Mr. Smith will remain with Intuit and become executive chairman of Intuit’s board.

The board has appointed Sasan Goodarzi, currently executive vice president and general manager of Intuit’s Small Business and Self-Employed Group, to succeed Mr. Smith. Mr. Goodarzi will also be joining Intuit’s board at that time as well, says the company. Mr. Gadarzi is currently a member of the board at Atlassian as well.

Intuit chief technology officer Tayloe Stansbury will also step down Jan. 1, 2019, says Intuit. Senior vice president and chief product development officer for Intuit’s Small Business and Self-Employed Group, Marianna Tessel, will succeed Mr. Stansbury as Intuit’s CTO.

[Image courtesy: Intuit]