Hood gave wings to Nadella’s visions and strategies and brought back the belief that the best of Microsoft was not behind it. She holds a bachelor’s degree in economics from Duke University in 1994 and an MBA from Harvard University. Hood has previously worked at Goldman Sachs in sectors like investment banking and capital markets. In 2013, she replaced Peter Klein as the CFO - the first woman to be so - overseeing the investor relations and working on the company’s acquisition strategy. Hood worked in Microsoft’s corporate finance organization and its Server and Tools Business after joining it almost two decades ago. It did not look as if Microsoft would become a cloud behemoth as it has become today when Hood took over but she joined the mission with Nadella to turn it around, gaining in the process more influence than any other CFO in the company’s history. Hood, who joined Microsoft in 2002, has done a great deal in winning people of all kinds - employees, investors, customers - back to Microsoft after the company lost its way somewhat. Quite unlike a stereotypical CFO but like a genuine leader. But now it’s about creating an environment in which you all remember that you still want to pick us every day. “I may have thought about it that way when I took the job almost five years ago. The story of Amy Hood: In 2018, Hood told Microsoft’s new recruits that her job as the company’s CFO is not just to balance the books and plan the expenditure (she said she is pretty good at handling that) but more importantly, to ensure that every one of the new recruits felt that they made no mistake in choosing Microsoft.
According to Gartner’s figures that came out in 2018, Microsoft is now a major player in the cloud-computing market and if a January report by Forbes is to be believed, it is steadily gaining market share against major competitors like Amazon, as per a new survey from Goldman Sachs. Along with Nadella, Hood helped Microsoft progress from its Windows-centric worldview to a cloud-first strategy.
In her late 40s, Hood has helped the company transform from a technology vendor to a cloud-computing and software leader. If CEO Satya Nadella is the face that people identify Microsoft more with, Hood stands no less tall a figure. However, despite this news, one cannot ignore the fact that Hood has played a key role in effecting one of the most brilliant transformations in the history of business. “My kids will tell you I practice counting, but my job is really a little different than that.” - Amy Hood in 2018Īmy Hood, the chief financial officer (CFO) at Microsoft Organization, came into the headlines recently after selling 80,000 shares of the company’s stock indicating that she could also be worried about a tech pullback seeing a decline by Microsoft’s shares.
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