Microsoft promotes first female CFO Amy Hood

Microsoft has promoted its first female chief financial officer. Amy Hood will succeed Peter Klein with immediate effect, and has previously been a pivotal name at the company, having handled its acquisition of Skype and much more.

GI.biz reports that Klein will oversee Hood's transition into the role until the end of next month.

Microsoft CEO Steve Ballmer said of Hood's appointment, "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, helping lead the transition to services with Office 365 and delivering strong financial and operational management throughout her time on the business."

Previously, Hood was CFO of Microsoft's Business Division, which is currently valued at $24.1 billion, and before that she has held many roles within the company, including leader of the strategy and business development team in MBD.

Hood said of her appointment, "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."