With the announcement of results for the third quarter of the fiscal year 2013, Microsoft CEO Steve Ballmer also made it known that his CFO Peter Klein would be leaving the corporation at the end of fiscal year. Ballmer declared the news at a time when Microsoft was going through a transitional period, which also included the refurbishment of its main business model, so the company could pay attention to the sales of its devices and delivering services rather than just dealing with software. TNW got hold of copies of memos that were sent by Ballmer and Klein, regarding the departure of Microsoft’s CFO. Checkout what Ballmer has stated in that internal memo of Microsoft:
“Today in our earnings release, we announced that after nearly four years as CFO and 11 years at Microsoft, Peter Klein has decided to step down as CFO and leave Microsoft at the end of our current fiscal year. I will be naming a new CFO from our finance leadership team in the next several weeks.
Peter has been a key part of my leadership team and a strong advisor to me during his tenure. He helped drive the successful Skype and Yammer acquisitions, has had a profound impact on the finance profession overall, and exhibited good oversight on cost controls as CFO. I have really enjoyed working with Peter, and appreciate his many contributions to the finance organization, to Microsoft and to me.”
Klein stated in his departure note that:
“One noteworthy characteristic of Finance is the regularity of its rhythm – month end, quarter end, year end. Every one of those milestones marks the passage of time. And as time passes, and milestones are marked, we all periodically reflect on our lives, our goals, and our priorities. As we approach the end of the fiscal year, I have been reflecting in that way. And I have decided that now is a good time for me to step away from Microsoft and take some time to spend with my family in a way that I haven’t had the opportunity to do in the 30 years I have been working.
This has not been an easy decision. I love Microsoft. I love my job. When I joined Microsoft 11 years ago I had this loosely held belief that people were one of the most important elements of any job or any company. I had no idea how profoundly true that is, but I do now. People are everything. Microsoft is the most amazing collection of talented, passionate and caring people I could ever imagine being associated with. It’s been an honour and my good fortune to have been part of that.
I am proud of the work that Finance has done and the impact we have had on the Company. One reason that now is a good time to leave is that the organization is very strong, and I am delighted we will be naming an internal candidate. I couldn’t be more optimistic about both the Company’s and Finance’s future.
Looking ahead, I have no specific plans. In the short term I will work to ensure a smooth transition. After that I intend to spend time with my extended family which is dispersed throughout the country and hopefully get to some long deferred travel. For the last 11 years Microsoft has been my family and now I am going to focus on my other family.
Thanks for being such a great team – I will follow your success with great interest and pride.
Peter”
This was indeed a great departure note by Klein, he surely has left the company with a wave rather than a shove.
Source: TNW
Photo: BusinessInsider
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