April 6, 2005 3:54 PM PDT

Microsoft CFO scooted last week, filing says

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Microsoft finance chief heads off to new venture

January 11, 2005
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 March 31. 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.

"Microsoft is continuing the search for the right candidate," Microsoft spokeswoman Stacy Drake said. "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, Drake 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 April 28.


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