05.09.133:36 PM ET

Microsoft Names First Female CFO

Amy Hood to oversee $74.5 billion in cash, investments.

Microsoft wants to revamp its image—in more than one way, it seems. Amy Hood, 41, succeeds Peter Klein as the company's first female chief financial officer. She will be responsible for finding ways to increase Microsoft’s share in smartphones and tablets, as demand for PCs has steadily dropped. Hood is also a big proponent of wireless cloud technology. Insiders said her straight-talking style, which challenges even CEO Steve Ballmer, makes her well equipped for the job. Hood was previously CFO of the Microsoft Business Division, the company’s largest, where she helmed the takeover of companies like Skype. She holds a bachelor’s degree from Duke University and an M.B.A. from Harvard.