Microsoft Announces Appointment of Two New Vice Presidents

REDMOND, Wash., July 10, 1996 —
Microsoft Corp. today announced the promotion of two managers to vice president. Effective July 15, John Connors will be promoted to vice president, chief information officer, and Greg Maffei to vice president, corporate development, and treasurer.

As vice president, chief information officer, John Connors will be responsible for managing Microsoft’s worldwide network, computer operations, telecom, video conferencing and PC procurement. In addition, Connors will oversee development of global software solutions for Microsoft’s internal business needs and regional systems support for Microsoft subsidiaries worldwide. Connors has served as corporate controller and as general manager of worldwide financial operations. He joined Microsoft in 1989 and is a CPA.

“With John’s guidance and leadership, Microsoft has developed world-class financial tracking systems,”
said Bob Herbold, executive vice president and chief operating officer at Microsoft.
“I know John will bring the same energy and determination to his new job as CIO as we work to further streamline our business processes.”

Greg Maffei, currently Microsoft’s treasurer, is responsible for the company’s capital markets and corporate finance efforts, including management of its $7 billion portfolio. He has also played an important role in acquisitions and venture investments. His responsibilities will be expanded to include worldwide accounting, financial planning and forecasting.

“Under Greg’s leadership, treasury has made a significant contribution to our bottom line,”
said Mike Brown, chief financial officer.
“He has also represented us with energy and skill in numerous financial transactions. I know Greg will continue to make significant contributions in these areas as well as in his newly expanded financial role.”

Maffei joined Microsoft in 1993 after serving as executive vice president and chief financial officer of Pay ‘N Pak Stores Inc. and vice president of Citicorp Venture Capital Ltd.

Microsoft also announced that Chris Gibbons, currently chief information officer, will assume a new role as general manager, enterprise computing.
“The knowledge and experience Chris has developed as Microsoft’s chief information officer will be a tremendous asset as we develop new and better ways to work with the CIOs of major corporations,”
Herbold said.

Founded in 1975, Microsoft (NASDAQ
) is the worldwide leader in software for personal computers. The company offers a wide range of products and services for business and personal use, each designed with the mission of making it easier and more enjoyable for people to take advantage of the full power of personal computing every day.

Microsoft is either a registered trademark or a trademark of Microsoft Corp. in the United States and/or other countries.

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