Intuit Names GE Executive as New Chief

SAN FRANCISCO (01/24/2000) - Intuit Inc. today announced that its board of directors has appointed former General Electric Corp. vice president Stephen M.

Bennett as president and chief executive officer.

Bennett succeeds Bill Campbell, who had been acting chief executive since September, the personal finance software vendor said in a statement released today.

Bennett, 45, was executive vice president and member of the office of the chief executive officer at GE Capital, the financial services subsidiary of General Electric Corp.

Campbell will retire from daily responsibilities but will stay on the board of directors. Campbell took over from Bill Harris, who served for 13 months as chief executive officer while he attempted to change the company's focus from being a vendor of PC software to a provider of financial services on the Internet. [Intuit CEO Resigns, 9/23/99.] Harris left to pursue entrepreneurial interests.

Bennett said he also intends to continue to develop services for the Internet.

Intuit, in Mountain View, California, can be reached at +1-650-944-6000 or at http://www.intuit.com/.

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