According to company leaders at Intuit – the global financial technology company that makes TurboTax, Credit Karma, QuickBooks, and Mailchimp – Sandeep Singh Aujla is poised to become the company's next CFO. Effective August 1, 2023, Aujla will be responsible for managing the overall financial actions for the software giant, which boasts annual revenue that consistently exceeds $6 billion and has more than 50 million customers.
For many company insiders, Aujla's promotion comes as no surprise considering his track record of success at Intuit. For the past seven years he has taken on expanded finance roles at the Mountain View, California-based company. As the current Senior Vice President of Finance for Intuit's small business and self-employed group (SBSEG) and its global technology organization, he is responsible for all aspects of finance as well as the execution of the top strategic priorities that will unlock the greatest growth opportunities for the business. In this capacity, Aujla helped shepherd the development and execution of the ecosystem-based strategy that accelerated SBSEG’s revenue growth from 13% in FY17 to 22% in FY22, excluding the Mailchimp acquisition.
In addition, Aujla leads finance for Intuit’s technology organization, one of the largest investment areas for the company. His guidance and expertise have helped drive efficiencies and scale, accelerating Intuit’s progress in becoming an AI-driven expert platform.
Prior to joining Intuit, Aujla held leadership roles in finance at Visa. Reporting directly to Visa's CFO, he led the global finance organization for CyberSource, as well as Visa’s global merchant sales and solutions and client services divisions. Prior to that, he spent more than four years in an investment banking role at Goldman Sachs, working closely with senior management teams to analyze and execute a variety of strategic alternatives, such as mergers, acquisitions, joint ventures, divestitures, restructurings, and leveraged buyouts.
Aujla, who holds a BA in economics from San Francisco State University, began his career as a financial analyst at Morgan Stanley. He also holds an MBA from the University of Virginia Darden School of Business.
Notably, Aujla's recent promotion certainly comes with some nice incentives. Starting August 1, when he takes on the CFO role, Intuit will pay him an annual salary of $770,000, with a target bonus that represents 120% of that figure. Furthermore, the company plans to give Aujla $11 million worth of stock awards this July.