The name of the new CFO Microsoft was declared on Wednesday, which was also put with immediate effect. Amy Hood, the CFO of the Microsoft Business Division or MBD was promoted to the post. Hood replaces the last CFO Peter Klein, who was continuing with Microsoft from the end of June, last year, to ensure a seamless transition. In a statement, Steve Ballmer, the CEO of Microsoft said that Hood is the right talent powered with experience, to resume the role and strengthen the focus of the company on services and devices. He also added that, Amy had been an instrumental leader in the Microsoft Business Division and has helped the company through the transitions with Office 365; she has also shown strong financial and operational management skills throughout her time in the company.
Hood, who is now aged at 41, joined the investors’ relations team of Microsoft in the year 2002. Her previous employer was Goldman Sachs, where she worked as an investment banker and analyst of capital markets. She holds her degree in Economics from the Duke University and her degree on business administration comes with the stamp of the Harvard University.
Hood, who was in her post of CFO of MBD from 2010, told in an interview that she was excited about her new position in the company, and she is looking forward to working closely with the shareholders and investors. She added that Peter has made a world standard finance team within the company, and she will concentrate towards cost, driving the right value for the shareholders.
Klein the outgoing CFO, who had joined Microsoft in 2002 and also has once headed the financial team of MBD, said in his departure note last month that the decision was not an easy one for him. In an internal memo of Microsoft sent in the months of April, he said that he does not have any concrete plans for future, for the last 11 years, Microsoft was his family, and now he will be concentrating on his other family. He also expressed his wish to spend the next years of his life travelling to places.