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Thinkpad Microsoft CFO John Connors announced his resignation saying he
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Laptop Computers Jan 11, 2005 (AXcess News) Redmond WA - John Connors, Chief
Financial Officer of Microsoft Corporation (Nasdaq: MSFT) is
leaving the Redmond Washington-based software company to try his
hand at venture capital.Connors who was with Microsoft for nearly
twenty years is resigning his position with Bill Gates' company to
become a partner in a Bellevue Washington-based venture capital
firm Ignition Partners.
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Laptop Computer Connors began his career with Microsoft in 1989, holding a
variety of positions with the software giant. His most recent post
was vice president of Microsoft's Worldwide Enterprise Group.
Though the company said his duties were related to sales, services
and relationship strategies for small to large business customers,
that description remained somewhat vague in consideration of the
heat Microsoft's taken in the European Community over its business
practices there which may have had some baring on Connors' decision
to resign. Steve Ballmer, Microsoft's CEO commented on Connors
leaving, saying, "John has done an awesome job building a
world-class finance organization for Microsoft and leaves behind
him a very capable team."
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Desktop Computer While Ballmer lauded Connors work while in Microsoft his
comments appeared to be aimed more at Wall Street, inferring that
things were okay at the software company even though their CFO was
resigning.
Notebooks Ignition Partners, the VC firm Connors is joining as a partner
was formed by former Microsoft executives and McCaw Communications,
making his move a cozy transaction. AdvertisementThe company has
not selected a replacement for Connors though both internal and
external candidates are being considered. Connors is said to be
willing to wait out a replacement and aid in that transition.
Lenovo Shares of Microsoft closed down 7 cents at $26.73.AXcess News
will be reporting on any new market trends related to this story.
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