Recognizing Brad D. Smith On His Retirement From Intuit
Mr. Speaker, I rise today to honor a highly respected Silicon Valley leader, a friend and a constituent, Brad D. Smith, on his retirement as President and Chief Executive Officer of Intuit, Inc. During his 11 years at the helm of the…
Mr. Speaker, I rise today to honor a highly respected Silicon Valley leader, a friend and a constituent, Brad D. Smith, on his retirement as President and Chief Executive Officer of Intuit, Inc. During his 11 years at the helm of the company, Brad's exceptional leadership doubled Intuit's customer base and tripled the company's earnings. His commitment to Intuit's employees and workplace culture has made Intuit one of the best companies to work for in America according to Fortune.
Brad D. Smith was born in Huntington, West Virginia, on April 6, 1954, and grew up in the nearby town of Kenova, a community of 3,500 that Brad credits with teaching him integrity, humility, and teamwork during his formative years. He graduated from Ceredo-Kenova High School and was accepted by and entered the United States Military Academy at West Point. He ultimately decided to return to West Virginia and enroll at Marshall University where he graduated in 1986 with a degree in Business Administration.
Brad has been a very generous benefactor of Marshall University over the years, and in November, 2018, Brad and his wife, Alys
Smith, made a $25 million gift to the University's Lewis College of Business. Brad and Alys also established the Brad and Alys Smith Family Scholarship at Marshall University for West Virginia and Ohio students, with a preference for first-generation college students.
Brad joined Intuit in 2003 as Vice President and General Manager of Intuit's Accountant Central and Developer Network in Plano, Texas. Intuit is headquartered in Mountain View in California's 18th Congressional District and is the highly successful maker of TurboTax, QuickBooks, and related tax preparation and accounting software. Over the next five years, Brad held a number of executive positions and headed each major division of Intuit before being named President and Chief Executive Officer in 2008. While serving as Intuit's CEO and President, the company grew to 9,000 employees worldwide, its revenue doubled, and its stock rose from $31 in January 2006, to $205 as of December 2018. In January 2016, Brad cemented his legacy with the company when he was appointed Chairman of the Board of Directors.
Brad Smith is a trusted friend who has informed my thinking and my understanding of a number of important public policies and as he prepares to begin a new chapter of life, I congratulate him on a job done exceedingly well and wish him every success in his future endeavors.