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Names CEO Sasan Goodarzi Board Chair and Vasant Prabhu Lead Independent Director
MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–
Intuit Inc. (Nasdaq: INTU), the global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, today announced the appointment of Bill McDermott, Chairman and Chief Executive Officer of ServiceNow, Inc., and Adena Friedman, Chair and Chief Executive Officer of Nasdaq, Inc., to its Board of Directors, effective August 1, 2026. Intuit also announced that CEO Sasan Goodarzi will become CEO and Board Chair and Director Vasant Prabhu will become Lead Independent Director on January 22, 2026 at Intuit’s 2026 Annual Meeting of Stockholders. Board Chair Suzanne Nora Johnson and Board member Ryan Roslansky will be stepping down from the Board at that time.
“We have strong momentum in executing our strategy to be the global AI-driven expert platform, and our all-in-one consumer and business platforms are solving our customers biggest problems and fueling their financial success,” said Sasan Goodarzi, CEO of Intuit. “Bill and Adena are transformative leaders in enterprise technology and global financial services, respectively, and we are honored to welcome them to Intuit’s board of directors. Bill’s deep expertise in AI-powered transformation and scaling platform businesses will be invaluable as we focus on servicing more complex business customers. Adena brings unparalleled knowledge in fintech, banking, and leveraging AI to transform regulated industries. We also thank Suzanne Nora Johnson and Ryan Roslansky for their years of exceptional service to Intuit.”
Bill McDermott
McDermott has served as Chairman and Chief Executive Officer of ServiceNow since 2019, where he has driven significant growth and transformation. He previously served as Chief Executive Officer of SAP, where he helped lead the company through a period of market expansion. He brings deep knowledge of how to scale platform technology and drive complex, global enterprise sales.
“Intuit is transforming the world’s most critical financial challenges into engines of growth for the people and communities they serve. I couldn’t be more excited to partner with Sasan Goodarzi, whose bold vision for platform-based innovation is setting a new standard of excellence for the industry,” said Bill McDermott. “It’s an honor to join the Board of a company that puts people at the center of its mission, creating financial prosperity in this AI revolution.”
Adena Friedman
Friedman has served as Chief Executive Officer of Nasdaq since 2017, and Chair of its Board since 2023. She has a deep track record of technology leadership, having previously served in key roles at Nasdaq including President and Chief Operating Officer, and Chief Financial Officer. Her expertise encompasses financial services, banking, and leading AI and technology transformations in regulated industries.
“Intuit’s culture of innovation is driving accelerated growth as it becomes the system of intelligence powering financial success for consumers and businesses,” said Adena Friedman. “I’ve long admired Intuit’s deep commitment to its customers and its mission to power prosperity around the world. I’m honored to join the Board and support their efforts to expand financial wellbeing and create greater opportunity for individuals and businesses.”
The appointments of McDermott and Friedman will be effective August 1, 2026 to accommodate their pre-existing professional obligations.
About Intuit
Intuit is the global financial technology platform that powers prosperity for the people and communities we serve. With approximately 100 million customers worldwide using products such as TurboTax, Credit Karma, QuickBooks, and Mailchimp, we believe that everyone should have the opportunity to prosper. We never stop working to find new, innovative ways to make that possible. Please visit us at Intuit.com and find us on social for the latest information about Intuit and our products and services.
View source version on businesswire.com: https://www.businesswire.com/news/home/20251120078424/en/
Energy company SunCable says a massive solar farm it has proposed building in the Northern Territory could power an AI data centre precinct in the region to position Australia as a global leader in “green industrial development”.
The development would be Australia’s largest solar farm and would generate up to 20GW of electricity, or 10 times the output of a large coal-fired station. It would add to the company’s plans to build a 12,000 ha solar farm at Powell Creek Station south of Elliott as part of its proposed Australia-Asia Power Link project.
The proposed development at Muckaty Station in the Barkly region would clear an estimated 50,000 ha of land – the equivalent of about 25,000 MCGs – including habitat critical to the survival of the bilby, according to documents SunCable lodged with the NT Environment Protection Authority.
SunCable chief executive Ryan Willemsen-Bell said the company’s combined NT developments offered “a compelling proposition to attract global investment in an AI datacentre precinct”.
But the scale of the Muckaty proposal has sparked concern from the territory’s peak environmental organisation, the Environment Centre NT (ECNT), which said the size was “simply gobsmacking and is possibly unparalleled in Australia, or for that matter the world”.
A SunCable spokesperson said the company had been in talks with “global hyperscalers” – a term for companies that build and operate large datacentres for the provision of cloud computing services – during the past 18 months.
The unnamed companies were seeking access to “low cost, low carbon energy solutions” that could supply first datacentre operations in the Barkly region by 2028 “and then scale to support increasing demands for next-generation AI infrastructure in the years following”, they said.
Willemsen-Bell said SunCable could provide off-grid infrastructure that could reduce the impact of datacentres “on the delicate energy balance of the national electricity market”.
“This is a pivotal opportunity for Australia to establish itself as a global leader in sustainable AI infrastructure, digital technology and green industrial development. Australia can lead – not be left behind,” he said.
On Monday, SunCable reached an agreement with traditional owners and the Northern Land Council for the construction of the 12,000 ha solar farm on Powell Creek Station.
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The documents lodged with the EPA for the Muckaty solar proposal state the company “is committed to refining the footprint” to “avoid direct impacts to occupied greater bilby sites”. The company’s spokesperson said further studies in consultation with traditional owners would help inform the selection of smaller sites within the 50,000 ha “area of interest”.
Kirsty Howey, the executive director of ECNT said the environment group was particularly concerned “about the potential destruction of swathes of bilby habitat, one of Australia’s most iconic animals, as well as potential impacts on precious water resources in this arid region.”
“We understand this project is primarily about supplying energy to industrial customers. We are concerned that it won’t deliver energy security to communities in the Barkly region, who are experiencing chronic energy poverty and injustice amid worsening impacts of climate change,” she said.
Dr Dylan McConnell, an energy systems researcher at the University of New South Wales said it was difficult to tell how much of the public discussion about potential datacentre demand for energy from Australian projects was just “hype”.
“There’s questions about how much of this demand for datacentres is actually going to materialise,” McConnell said.
SunCable’s spokesperson acknowledged the scale and said the company understood “large projects attract close scrutiny”.
“The purpose of this process is to gather evidence, refine the project footprint and ensure responsible design before any decisions are made.”
They said the company was committed to avoiding or mitigating effects of the project on the bilby and to “sustainable use of water resources”.
Deutsche Bank is standing by its bullish stance on Live Nation Entertainment . The bank maintained its buy rating on the entertainment stock. It also lowered its price target to $160 per share from $173, still implying upside ahead of approximately 23%. Shares of Live Nation have added less than 1% this year. The stock has crumbled 25% since its September highs of the year, opening up an attractive entry point for investors, wrote analyst Benjamin Soff. LYV YTD mountain LYV YTD chart “We believe this decline in LYV is overdone. Live Nation now trades at 15.4x on our updated 2026 AOI estimates, which is inexpensive (in our view) relative to the sustainable double digit AOI growth we believe the business can deliver for the foreseeable future,” he wrote. The analyst said that he remains constructive around the outlook for Live Nation’s concert business next year, forecasting positive growth across different regions and venues. Increasing penetration in international markets supports the increase in Live Nation’s multi-year target for total fans to 225 million, up from 200 million. Soff also sees growing opportunity coming from new venue builds, which could be a meaningful driver of margin expansion and adjusted operating income for concerts. “The multi-year opportunity remains healthy and continues to expand,” he wrote. “For context, Live Nation’s pipeline of 48 large venue builds is expected to add 22M new fans by 2029 and 29M by 2031 (as of this time last year, Venue Nation’s pipeline contained 35 large venues and was expected to add 20M run-rate fans by 2029).”
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