Microsoft CFO scooted last week, filing says

John Connors announced plans to leave the software giant in January, but at the time did not cite a departure date.

Microsoft's chief financial officer, who had already announced plans to leave the company, stepped down at the end of the last week, the company disclosed on Wednesday.

In a regulatory filing with the Securities and Exchange Commission, the company said that CFO John Connors' resignation was effective March 31. Connors announced in January that he planned to leave Microsoft and join venture capital firm Ignition Partners. At the time, Connors did not announce a departure date and said he would "assist in the transition."

However, Microsoft said Wednesday that it has yet to hire his replacement.

"Microsoft is continuing the search for the right candidate," Microsoft spokeswoman Stacy Drake said. "The team is making progress. Given the importance of this position we are taking our time going through a very thorough process to find the right person."

The company did not name an acting financial chief. Until a replacement is found, Drake said the finance function will be led by Microsoft's current team, including corporate controller Scott Di Valerio, who is slated to head up the company's third-quarter earnings call on April 28.

Featured Video
6
This content is rated TV-MA, and is for viewers 18 years or older. Are you of age?
Sorry, you are not old enough to view this content.

Google unveils a new logo

A new Google logo steals attention away from another Google announcement.

by Iyaz Akhtar