Promotions in Microsoft Finance Organization Underscore Strong Leadership Team

REDMOND, Wash., May 11, 2000 — Microsoft Corp. today announced a number of promotions within its finance organization that underscore the company’s strong leadership team and recognize the contributions of a number of key individuals. Scott Boggs was promoted to vice president and corporate controller, Mike Boyle to vice president of Tax and Audit, Brent Callinicos to treasurer, Jean-Francois Heitz to deputy chief financial officer, and Amar Nehru to vice president of Corporate Development.

As vice president and corporate controller, Scott Boggs is responsible for corporate accounting, financial reporting, and planning and budgeting at Microsoft. He is also responsible for administrative IT, which provides line-of-business application development and support for finance, procurement, corporate services, human resources and the legal department. Boggs began his career at Microsoft in 1993 and was promoted to corporate controller in January 1998. Prior to joining Microsoft, he spent eight years with Deloitte, Haskins & Sells, a public accounting firm. He holds an accounting degree from the University of Washington.

In the role of vice president of Tax and Audit, Mike Boyle is responsible for Microsoft’s tax and internal audit departments. He joined Microsoft in 1986 and most recently served as the company’s chief tax counsel and general auditor. Boyle was employed by Touche Ross & Co. and Arthur Andersen before joining Microsoft and is a CPA. He graduated from Creighton University’s College of Business and School of Law and holds a master of laws degree (taxation) from Boston University.

As treasurer, Brent Callinicos is responsible for Microsoft’s worldwide financial and corporate risk management, investment portfolio management, corporate and structured project finance, cash and liquidity management, and credit activities. Callinicos has spearheaded several significant efforts in Microsoft’s treasury group during the past eight years, including Microsoft’s put warrant program and the $1 billion preferred stock issuance in 1996, and has helped shape the company’s overall approach to financial risk management. Before joining Microsoft in 1992, he worked for the Walt Disney Co. and the Procter & Gamble Co. Callinicos is a CPA and holds a bachelor of science and master’s in business administration from the University of North Carolina at Chapel Hill.

Jean-Francois Heitz, deputy chief financial officer, works closely with the CFO and is responsible for a broad range of activities within the finance organization. He will head the development of a long-term organizational strategy for the finance organization as well as a comprehensive services and integration strategy for investments and acquisitions. He will also help create a system for governing long-term relationships with companies in which Microsoft has partial ownership. Heitz joined Microsoft in 1989 as deputy general manager, and was promoted in 1991 to general manager, business operations for Microsoft France and director of finance and administration for southern Europe. Heitz moved to corporate headquarters in 1994 to become assistant treasurer and was named treasurer in 1998. Prior to Microsoft, he spent nine years at Matra SA (Group Lagardere), a French multinational high-tech conglomerate, in various business and finance positions. He holds a mathematics, engineering and business degree from l’Ecole des Mines de Paris, where he was valedictorian, and a master’s degree from Stanford University in industrial engineering and engineering economic systems.

As vice president of Corporate Development, Amar Nehru and his Corporate Development team focus on the economic and strategic analysis of emerging market opportunities in conjunction with Microsoft’s leadership team; conduct industry and competitive analysis; and structure, value and negotiate mergers, acquisitions, joint ventures and other strategic alliances involving Microsoft’s capital or equity. Nehru joined Microsoft seven years ago and was appointed general manager of Corporate Development in February 1999. Prior to joining Microsoft, he held various financial and business positions at the Procter & Gamble Co. and spent nine years at sea in management positions in the shipping industry. He has a master’s in business administration from the Kellogg School, Northwestern University.

About Microsoft

Founded in 1975, Microsoft (Nasdaq “MSFT”) is the worldwide leader in software, services and Internet technologies for personal and business computing. The company offers a wide range of products and services designed to empower people through great software – any time, any place and on any device.

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