Business

Microsoft promotes Amy Hood as its new chief financial officer

Image Credit: Microsoft

Microsoft

With Microsoft’s chief financial officer Peter Klein announcing that he would step down from the position during the Q3 2012 earnings, the company announced today that corporate vice president Amy Hood will take over the role effective immediately.

Amy HoodHood has spent over a decade at Microsoft, having previously worked as the CFO of Microsoft Business Division, which is responsible for its suite of Microsoft Office products and cloud-based Office 365 services. She was also “instrumental,” according to chief exec Steve Ballmer, during the high-dollar acquisitions of both Yammer and Skype over the few years. Prior to her time a Microsoft, Hood worked in various roles for Goldman Sachs. So basically, she’s got plenty of experience working with the company’s largest services and divisions.

As for Klein, he’ll stick around to assist Hood with the transitional period through June 2013. The company didn’t indicate his future career plans.

“I’m excited to step into this role and look forward to working closely again with our investors and shareholders,” Hood said in a statement. “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.”

Photo via Microsoft


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