Microsoft promotes VP Amy Hood to chief financial officer

Summary:Hood is replacing outgoing CFO Peter Klein, who will remain at Microsoft through the end of June to oversee the transition.

Microsoft has announced that it is promoting corporate vice president Amy Hood to the role of chief financial officer, effective immediately.

Hood is replacing outgoing CFO Peter Klein, who will remain at Microsoft through the end of June to oversee the transition.

AllThingsD pointed out that Hood is the first woman to hold the post at the Redmond, Wash.-based corporation.

Hood joined Microsoft in December 2002 as a part of the investor relations group.

Since January 2010, she served as CFO of the Microsoft Business Division, heavily involved in the Windows maker's acquisitions of Skype and Yammer.

Before that, Hood ran the strategy and business development team in MBD and served as chief of staff in the Server and Tools group.

Before joining Microsoft, Hood worked at Goldman Sachs in various roles as part of the investment banking and capital markets groups.

That corporate finance experience will come into play more soon as Hood remarked in the announcement that she is "excited to step into this role and look forward to working closely again with our investors and shareholders."

Topics: CXO, Hardware, Microsoft, Microsoft Surface, Tech Industry

About

Rachel King is a staff writer for CBS Interactive based in San Francisco, covering business and enterprise technology for ZDNet, CNET and SmartPlanet. She has previously worked for The Business Insider, FastCompany.com, CNN's San Francisco bureau and the U.S. Department of State. Rachel has also written for MainStreet.com, Irish Americ... Full Bio

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