Microsoft Loses Windows Division Chief
Nov 13th 2012 11:06AM
Updated Nov 13th 2012 11:12AM
Steven Sinofksy, president of Microsoft's (NAS: MSFT) Windows Division, has left the company 23 years after joining Microsoft as a software design engineer. No reason was given in the company press release.
"It is impossible to count the blessings I have received over my years at Microsoft. I am humbled by the professionalism and generosity of everyone I have had the good fortune to work with at this awesome company," Sinofsky said in the press release.
Two employees inherit Sinofsky's duties as president of Microsoft's Windows division. Julie Larson-Green is being promoted to handle Windows software and hardware engineering, while Tami Reller will expand her role to take command of business and marketing strategy. The changes are effective immediately.
Windows is Microsoft's third-largest division. Revenue from OS sales fell 33% year over year in the fiscal first quarter as customers waited to upgrade to Windows 8. Operating income fell 49.7% over the same period.
In a memo to staff published by AllThingsD, CEO Steve Ballmer focused on Microsoft's recent accomplishments:
We are facing a time of great opportunity. What we have accomplished over the past few years is nothing short of amazing, and I know we have more amazing in us. I am excited about our people, I am energized by our ability to change and grow, and I look forward to the success which lies ahead. Thank you for all you do, and please join me in congratulating our new leadership and celebrating all that we have accomplished so far.
The article Microsoft Loses Windows Division Chief originally appeared on Fool.com.Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team and the Motley Fool Supernova Odyssey I mission. He didn't own shares in any of the companies mentioned in this article at the time of publication. Check out Tim's Web home, portfolio holdings, and Foolish writings, or connect with him on Google+, Tumblr, or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.The Motley Fool owns shares of Microsoft. Motley Fool newsletter services have recommended creating a synthetic covered call position in Microsoft. The Motley Fool has a disclosure policy. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.
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