Richard Emerson, a former managing director at international investment bank Lazard Freres, wasby Microsoft in late 2000 to serve as vice president of corporate development and strategy, reporting to CEO Steve Ballmer.
A Microsoft representative said Emerson left the company Aug. 31 and there are no plans to replace him. The corporate development function will now report through Chief Financial Officer John Connors.
In September 2002, Microsoft disclosed that it hadto Emerson when he was hired away from Lazard Freres. At the time, Microsoft said it planned to stop making such loans, which are now prohibited under the Sarbanes-Oxley Act of 2002.
As part of its, filed on Thursday, Microsoft noted that Emerson had repaid his loan along with $1.4 million in interest by surrendering 1,134,064 vested options.