During Microsoft’s third quarter earnings report, it was revealed that the software giant’s current Chief Financial Officer (CFO) Peter Klein would leave the company in the coming weeks after working eleven years at Microsoft and four years as the CFO at the software giant. Microsoft has now named Amy Hood as his successor.
Amy Hood was named the CFO of Microsoft today, replacing Peter Klein, who will remain at the position through the end of next month to ensure a smooth transition. “Amy brings the right talents and experiences to the role as we continue to strengthen our focus on devices and services. She has been an instrumental leader in the Microsoft Business Division (MBD), helping lead the transition to services with Office 365 and delivering strong financial and operational management throughout her time on the business,” CEO Steve Ballmer stated.
Amy Hood is 41 and holds a Bachelor’s degree in Economics from Duke University and a Master’s degree in Business Administration from Harvard University. Hood has been with Microsoft since December of 2002, working at Goldman Sachs prior to the software giant. Hood was the CFO for the Microsoft Business Division, prior to accepting this new role. Hood was the lady responsible for the company’s acquisition of Skype and Yammer. Hood has also run the Server and Tools division, as well as the strategy and business development team in the Microsoft Business Division prior to becoming the CFO of that division in 2010.
“I’m excited to step into this role and look forward to working closely again with our investors and shareholders. Peter has built a world-class finance team, and I am set up well to continue the company’s strong discipline around costs and focus on driving shareholder value,” Hood added.
Lets give a warm welcome to Microsoft’s new CFO! Welcome to the madness!Microsoft