By Ina Fried, 7 April 2005 08:45
NEWS 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 31 March. 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.
According to a Microsoft spokeswoman: "Microsoft is continuing the search for the right candidate. 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, the spokeswoman 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 28 April.
Ina Fried writes for News.com
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