Tech giant Microsoft is seeing a huge shake-up on its top management. The company will see the departure of veteran chief operating officer (COO) Kevin Turner. Turner is said to be moving on to a top post at global financial firm Citadel Securities where he will be chief executive officer and simultaneously vice chairman of the parent company, Citadel.
He has been Microsoft’s COO for the past 11 years and will remain with the company to assist with the transition through this month before his official departure. Microsoft chief executive Satya Nadella said that five executives namely Judson Althoff, Jean-Philippe Courtois, Chris Capossela, Kurt DelBene, and Amy Hood will split Turner’s duties.
Althoff will lead the Worldwide Commercial Business, which will focus on the commercial segments, inclusive of EPG, Public Sector, SMS&P, DX and Services. Courtois will lead global sales, marketing and Operations, which span all of Microsoft’s 13 areas across our North America and international businesses as well as the global Marketing and Operations organisation.
Capossela will lead the Worldwide marketing and consumer business, which includes CCG, MSA and PSM, OEM, and Microsoft Retail Stores, in addition to his current worldwide marketing team. DelBene will now also lead IT and Operations, in addition to corporate strategy. Last but not least, Hood will now also lead the current SMSG finance team and WWLP, in addition to the central finance team.
Most recently, Microsoft made global headline by acquiring LinkedIn for US$196 per share in an all-cash transaction valued at US$26.2 billion, inclusive of LinkedIn’s net cash. The deal is expected to close this calendar year and is subject to approval by LinkedIn’s shareholders, the satisfaction of certain regulatory approvals and other customary closing conditions.