Microsoft today announced Amy Hood as the new Chief Financial Officer, succeeding outgoing CFO Peter Klein who plans to remain at Microsoft through the end of June to ensure a smooth transition. Amy Hood takes charge as the Chief Financial Officer immediately.
Hood, 41, joined Microsoft in December 2002 and currently serves as CFO of Microsoft Business Division, overseeing all financial strategy, management and reporting for the $24.1 billion business. Amy Hood, in her previous role as CFO – MBD, was also deeply involved in the strategy development and overall execution of the company’s successful acquisitions of Skype and Yammer.
“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.” – Steve Ballmer, CEO – Microsoft
Amy Hood also served as the Chief of Staff in the Server and Tools group before moving over to Microsoft Business Division.
“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.” – Amy Hood, CFO – Microsoft
Before joining Microsoft as a part of the investor relations group, she worked at Goldman Sachs in various roles including investment banking and capital markets groups. She has a bachelor’s degree in economics from Duke University and a master’s degree in business administration from Harvard University.
Wishing her the best in her new role as the Chief Financial Officer – Microsoft!