Microsoft has announced that it is making president Brad Smith the vice chair of its board of directors. The company has also set the annual shareholders meeting for November 30, 2021.
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Microsoft's Chief Operating Officer, Kevin Turner, is leaving the company to become CEO at Citadel Securities. With his departure, Nadella has announced changes to Microsoft's leadership team.
Microsoft is expected to announce the new division heads of its reorganization as early as next week, according to a new report. Several current executives will see expanded roles in the company.
Microsoft has confirmed that it has named Amy Hood, the company's chief financial officer for its Business division, to succeed Peter Klein as Microsoft's head CFO.
Microsoft will likely name its new chief financial officer next week and that person could be a woman for the first time in the company's history, with Tami Reller and Amy Hood the top two candidates.