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HomeTechnologyMicrosoft business development chief Chris Young resigns | Real Time Headlines

Microsoft business development chief Chris Young resigns | Real Time Headlines

Christopher Young, executive vice president of business development at Microsoft Corporation, speaks at the GeekWire Summit in Seattle, Washington, USA, on Tuesday, October 5, 2021.

David Ryder | Bloomberg | Getty Images

MicrosoftChris Young, the company’s head of business development who helped the software giant acquire Activision Blizzard, will step down after about four years in the job, the company said in a statement. . Supervision filing Wednesday. No successor has been named.

Young joined Microsoft in 2020 after nearly three years as CEO of McAfee, where he worked to transform the company from Intel. Previously, he held senior executive positions at Cisco and RSA.

At Microsoft, Yang served as a member of the company’s senior leadership team alongside the CEO Satya Nadella and Treasurer Amy Hood. He reports to Nadella. As one of Microsoft’s highest-paid employees, Yang received $12 million in total compensation in fiscal 2024, according to a report. Archive.

Young’s organization includes M12 Corporate Ventures, which has invested in startups such as Innovaccer, Outreach, PsiQuantum, Skedulo and Typeface. 2023, M12 explain Going forward, it will work more closely with Microsoft to better help portfolio companies.

Microsoft acquired video game publisher Activision for US$68.7 billion, its largest deal ever, completed in 2023. Played a role in Microsoft’s advertising deal. Netflix.

Yang was one of Microsoft’s most prominent Black executives and “provided thought leadership on the importance of diversity and inclusion in the technology industry,” the company said in a 2023 filing.

While Microsoft hasn’t made any recent comments about its diversity, equity and inclusion plans, there has been a broader backsliding in the industry since the president’s term. Donald Trump’s Re-elected in November. Amazon explain it stopped some of its DEI initiatives, and Yuan are Cancel.

In December, Chief Diversity Officer of Microsoft explain The company’s work in this area is “more important than ever”.

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