Microsoft has announced that chief financial officer Peter Klein will leave the company at the end of this current fiscal year. The news comes alongside the company's Q3 2013 earnings. Klein has been at his post for just four years, but has been at Microsoft since 2002. A new CFO will be named from the "finance leadership team" at Microsoft within the next few weeks.
The move comes as Microsoft continues to battle hard against dwindling PC sales and the sheer climb its mobile platform, Windows Phone has to endure to compete against well-established competitors. Kelin said the following in a statement:
"I’ve had a great experience as CFO and overall in my time at Microsoft. We have an incredibly strong finance organization, and I’m looking forward to working with my successor on the transition through the end of the fiscal year."
Klein will be present on Microsoft's earnings call today. CEO Steve Ballmer praised Klein as a key member of his team in the following statement:
"It has been a pleasure to work with Peter as CFO. He’s been a key member of my leadership team and a strategic advisor to me, and I wish him the very best."