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Microsoft CFO Connors leaves company
By Joris Evers

Microsoft Corp. Chief Financial Officer (CFO) John Connors has left the company as of March 31, without a replacement being named, Microsoft said Wednesday.

Microsoft announced Connors' resignation on Jan. 11, but at that time it did not set a date for his departure. The company did say that 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 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 said.

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 said.

Meanwhile, Scott Di Valerio, corporate vice president and corporate controller at Microsoft, plans to lead the April 28 quarterly earnings call, the spokeswoman said.

Connors left to become a partner at venture capital firm Ignition Partners LLC, which is in Bellevue, Washington, near Seattle. 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 centers, the phasing out of employee stock options, several major legal settlements and the handing out of billions of dollars in dividends.

Microsoft, in Redmond, Washington, has said it will consider both internal and external candidates to fill the CFO position.

Posted April 7, 2005 05:05 PM |