Microsoft on Tuesday said that CFO Chris Liddell will leave the company at the end of the year. Peter Klein will take over as CFO.
The move (statement) is notable because Liddell brought a healthy dose of financial discipline to Microsoft. Liddell knew his way around a balance sheet and helped Microsoft cut $3 billion in costs. Liddell, who will work with Klein through a transition period, joined Microsoft in 2005 after being the CFO of International Paper and CEO at Carter Holt Harvey, one of New Zealand's premier companies.
Klein joined Microsoft in February 2002 and is the CFO of Microsoft's business unit, the division that includes the Office cash cow. Before coming to Microsoft, Klein worked in a bevy of tech companies including McCaw Cellular and HomeGrocer.com.