Microsoft named Amy Hood, an executive at the company, as its chief
financial officer, the first woman to hold the top finance job at
Hood, 41, joined Microsoft in late 2002 and was most
recently the chief financial officer of Microsoft's business division,
the unit that includes its lucrative Office suite of applications. She
succeeds Peter Klein, Microsoft's chief financial officer who announced
recently that he was resigning to spend more time with his family.
number of women have risen to Microsoft's top ranks but, like most
technology companies, its senior leadership is still dominated by men.
An exception is Lisa Brummel, who, as chief people officer, runs
Microsoft's human resources department. Late last year, however,
Microsoft appointed two women, Julie Larson-Green and Tami Reller, to
run the engineering and finance operations of the company's Windows
division, one of its most important units.
As chief financial
officer, Hood will play a bigger role in helping Microsoft adapt to
major changes in its business, most notably the shift to mobile devices
from PCs and the transformation of traditional software into cloud
services. In a sign of these changes, for the past six months Steven
Ballmer, Microsoft's chief executive, has begun talking about the
company as a devices and services company.
Hood will also serve as
Microsoft's ambassador to Wall Street, which has for years looked
skeptically at Microsoft's efforts to enter new businesses such as
Internet search. After a recent solid earnings report from Microsoft,
investors have become more bullish on the company's prospects. Its
shares now trade near their 52-week high.
In an email to Microsoft
employees Wednesday, Ballmer said Hood had helped lead the change of
Microsoft Office into a cloud service. He said that he had worked
closely with her on two big acquisitions, that of Skype and Yammer, and
that her critical thinking would be an important skill in her new job.
is a great collaborator with a history of successful cross group
projects, and I am looking forward to having her as a member of my
leadership team," Ballmer wrote.
© 2013, The New York Times News Service