Microsoft CFO Chris Liddell leaving
FILE - This May 16, 2012 photo shows Nik Wallenda performing a walk on a tightrope in the rain during training for his walk over Niagara Falls in Niagara Falls, N.Y. Wallenda can't visit a new place without envisioning a wire strung high above his head: Linking buildings, landmarks, nations. Even as a 6-year-old at Niagara Falls with his parents, he pictured walking a tightrope over the raging, whitewater maw. Now 33, he's ready to live out that childhood fantasy when he attempts Friday, June 15, 2012 to become the first person ever to walk a tightrope directly over the brink of Niagara Falls. (AP Photo/David Duprey) / David Duprey
This story was written by CNET's Tom Krazit.
Microsoft Chief Financial Officer Chris Liddell is leaving the company at the end of the year, the company announced Tuesday.
Liddell has been Microsoft's CFO since 2005, but the past 18 months have been especially long, as Microsoft debated whether to acquire Yahoo and navigated the choppy waters of the recession with its first-ever layoffs. He will be replaced by Peter Klein, who had been serving as CFO of the company's Business Division, which develops and sells
Microsoft Office.
In a statement, Liddell said he was looking to do something with his career beyond serving in the chief finance role.
"Chris and his finance team have accomplished a great deal over the past four and a half years. The team is deep and strong, and has an excellent record of building value for our shareholders," CEO Steve Ballmer said in prepared remarks distributed by Microsoft.
Copyright 2009 CBS. All rights reserved. Microsoft Chief Financial Officer Chris Liddell is leaving the company at the end of the year, the company announced Tuesday.
Liddell has been Microsoft's CFO since 2005, but the past 18 months have been especially long, as Microsoft debated whether to acquire Yahoo and navigated the choppy waters of the recession with its first-ever layoffs. He will be replaced by Peter Klein, who had been serving as CFO of the company's Business Division, which develops and sells
Microsoft Office.
In a statement, Liddell said he was looking to do something with his career beyond serving in the chief finance role.
"Chris and his finance team have accomplished a great deal over the past four and a half years. The team is deep and strong, and has an excellent record of building value for our shareholders," CEO Steve Ballmer said in prepared remarks distributed by Microsoft.
As of the close of Tuesday's stock market, the value of Microsoft's stock had increased by 18 percent since Liddell made his debut as CFO.
Popular in SciTech
- Airborne laser reveals hidden city in Cambodia
- Solar plane lands at Dulles Airport Play Video
- Chinese supercomputer named world's fastest
- Last telegram ever to be sent July 14
- Valentina Tereshkova: First woman in space 13 Photos
- NASA unveils plans to capture asteroids
- NASA picks 8 new astronauts, 4 of them women
- Was there a rape joke at Microsoft's Xbox One event?
Who will replace him..