Please ensure Javascript is enabled for purposes of website accessibility

Microsoft CFO Leaving

By Justin Loiseau - Apr 18, 2013 at 4:55PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

New leader will come from finance team.

Microsoft (MSFT 2.76%) reported Q3 earnings today, pushing profits up 19% on Windows sales. But even as finances flourish, the company announced that CFO Peter Klein will step down at the end of fiscal 2013 after 11 years with Microsoft.


Klein began his Microsoft career as CFO of the company's Server & Tools Business Group. In 2006, he moved up to CFO of the Business Division, and assumed his current role just under four years ago.

In a statement today, CEO Steve Ballmer noted that: "It has been a pleasure to work with Peter as CFO. He's been a key member of my leadership team and a strategic advisor to me, and I wish him the very best."

Microsoft will name a new CFO in the next few weeks, and expects the position to be filled by someone from the company's finance leadership team.


Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Microsoft Corporation Stock Quote
Microsoft Corporation
$273.24 (2.76%) $7.34

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 05/28/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.