Microsoft’s newly appointed chief financial officer, Amy Hood, will start at an annual base salary of $570,000, along with Microsoft stock valued around $6.5 million based on today’s share price, according to regulatory filings from the company today and last week. That’s in addition to a potential cash bonus based on future performance.
Hood was named to the position on May 8, becoming the first woman to serve as Microsoft’s chief financial officer. She was previously the CFO of the Microsoft Business Division, which includes Microsoft Office. She has been with the company since 2002.
Peter Klein, who previously held the position of chief financial officer, received a salary of $580,000 in fiscal 2012, along with a bonus of $950,000 and stock awards totaling about $3.6 million, according to Microsoft’s proxy statement last year. Klein received a salary of $525,000 in fiscal 2011, his first full year in the CFO position.
Microsoft tells the Seattle Times that it likes to give a large proportion of top executive compensation in the form of stock awards, to better align executives’ interests with those of shareholders.
One exception is Microsoft CEO Steve Ballmer, who owns nearly 4 percent of the company already and doesn’t receive stock-based compensation. His salary was $685,000 in 2012, with a bonus of $620,000.