The tech giant has hired former CFO and CTO of a major semiconductor company, to be the group’s chief financial officer, according to a report by The Information.
The move is expected to lead to the creation of a new CFO in March 2018.
The CFO is a key position at a company that makes or sells technology used to power a wide range of consumer and commercial products, including Microsoft’s Surface devices.
CFOs are usually tasked with managing the day-to-day operations of a company, such as running financial reports, overseeing internal financial transactions and overseeing product development.
While Microsoft is not a big player in the market for commercial products and is not currently planning to launch its own Windows phone, the news could provide a good indication of the company’s future direction in the computing market.
Microsoft has been looking to replace Andy Rubin, who has been the company CEO since 2012.
Rubin has led the company for almost four years, and the company has been in the midst of a financial crisis as it struggled to recover from the financial turmoil of the past few years.