Friday 10 May 2013

Amy Hood becomes the First Woman Chief Financial Officer of Microsoft

Amy Hood, an executive at Microsoft, was named as the first ever women Chief Financial Officer of the company. She will now handle the top most finance job available at Microsoft.
Amy Hood

Amy Hood, who is an executive at Microsoft, recently was named as the first ever woman Chief Financial Officer of the company. She becomes the first woman to handle the top most finance job available at Microsoft.

Hood joined Microsoft in the last quarter of 2002, and utmost recently was named the chief financial officer of Microsoft's business division. She is only 41 years of old, but she has loads of experiences with herself, which will surely help her to handle the pressure of the job.

Microsoft’s business division is the unit which consists of its top most lucrative Office suite of applications that are used by millions of people regularly around the world. It will be a tough job, but considering the talent and quality that Hood possesses, she will be able to do it properly for sure.

Mr. Peter Klein, who was the former Chief Financial Officer of Microsoft, recently declared that he was resigning in order to spend a lot more quality time with his family. Now Amy Hood is succeeding him in the top slot of the senior leadership.

It has to be mentioned here that over the years few women have been able to grab top ranks at Microsoft, but its top most position i.e. the senior leadership is still dominated by the men just like other leading technology companies. There is an exception too, as Lisa Brummel is the Chief People Officer, and she is currently actively running human resources department of the Microsoft. Last year Microsoft appointed two women in its most important Windows division. These two women, Tami Reller and Julie Larson-Green, is now handling the finance operations and engineering of that unit.

Hood is all set to indulge herself in a much bigger role as the chief financial officer of the company. Eventually she will help the tech giant to adapt to some key major changes in its business outlook. Microsoft is planning to shift to mobile devices from PCs, and a must needed transformation of traditional software into cloud services.

Microsoft's Chief Executive Steven Ballmer has been continuously talking about the company as a services and devices company for the last six months or so. He is very much keen to make the changes in the business outlook that I’ve already mentioned above.

Amy Hood will also be the ambassador of the Microsoft to Wall Street. It has to be added here that the Wall Street has always followed Microsoft's efforts to enter new businesses like Internet search engine.

Recently Microsoft has managed to report solid earnings, and as a good result of that the prime investors of the company have become more reliable on the future prospects of it. Now days Microsoft’s share is trading very high, almost near to its 52 week high.

This Wednesday Ballmer sent an email to Microsoft employees. In that email he stated that Hood had already helped lead the necessary change of Microsoft Office into a web-based cloud service. He added that he had the experiences of working closely with her on two big acquisitions of the tech company. These two acquisitions are of Skype and Yammer; he concluded that her critical and innovative thinking would be an important asset in her new job.

"Amy 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 personally in that email.

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