Microsoft has named current Corporate Vice President Amy Hood as its new Chief Financial Officer. The company announced on Wednesday that Hood will replace outgoing CFO Peter Klein starting in June, marking the first time that a woman has held the post within the company. Hood has been working at Microsoft since 2002 and most recently served as CFO of the Microsoft Business Division whose products include Office and other important enterprise software and services. Microsoft CEO Steve Ballmer said that Hood “brings the right talents and experiences to the role as we continue to strengthen our focus on devices and services” while adding that “she has been an instrumental leader in… helping lead the transition to services with Office 365 and delivering strong financial and operational management throughout her time on the business.”