Microsoft CFO Connors leaves company
- 07 April, 2005 22:00
Microsoft CFO John Connors has left the company as of March 31, without a replacement being named, Microsoft said on Wednesday.
Microsoft announced Connors' resignation on January 11, but at that time it did not set a date for his departure. The company did say Connors would assist with the transition to a new CFO. In a filing with the U.S. Securities and Exchange Commission on Wednesday, Microsoft said that Connors left on March 31, the end of the company's third fiscal quarter.
"John leaves behind him a strong and capable team and we are confident in the ability to continue to execute as we have during his tenure," a Microsoft spokeswoman says.
The search for a replacement CFO is ongoing. "Given the importance of this position, we are taking our time and going through a very thorough process to find the right person," the spokeswoman says.
Meanwhile, Scott Di Valerio, corporate vice president and corporate controller at Microsoft, plans to lead the April 28 quarterly earnings call, the spokeswoman says.
Connors left to become a partner at venture capital firm Ignition Partners. He had been with Microsoft for 16 years, the last five as the company’s CFO. Microsoft has gone through many changes during those years, including the forming of seven independent profit and loss centres, the phasing out of employee stock options, several major legal settlements and the handing out of billions of dollars in dividends.
Microsoft has said it will consider both internal and external candidates to fill the CFO position.