Microsoft Appoints Former GE CFO Carolina Dybeck Happe as New COO

Microsoft Hires Former GE CFO Carolina Dybeck Happe As COO To Boost Cloud And AI Focus - Microsoft (NASDAQ:MSFT)

Happe led GE's turnaround, instrumental in GE Vernova spin-off Microsoft Corp MSFT has appointed Carolina Dybeck Happe as its new EVP and COO. Happe served at GE as SVP and CFO from 2020 until September 2023. Reuters reports that she was pivotal in leading the company's turnaround and helped complete the spin-off of energy infrastructure unit GE Vernova in April 2024 after she stepped down from her role as CFO. Microsoft's move coincides with its pursuit of the lead in the cloud services market by solidifying its moat against Amazon.Com Inc AMZN Amazon Web Services. Also Read: AMD Taps Former Nvidia Exec to Lead AI Vision, Bolstering Strategic Growth The hiring also followed the CrowdStrike Holdings, Inc CRWD outage that hampered Microsoft devices, Reuters cites D.A. Davidson analyst Gil Luria. Microsoft made another critical hiring earlier this year. In March 2024, the company poached the co-founder of Alphabet Inc GOOG GOOGL Google DeepMind AI lab co-founder Mustafa Suleyman from Inflection AI to lead Microsoft's AI division. Microsoft gained over 27% in the last 12 months. Investors can gain exposure to the stock through iShares Global Tech ETF IXN and Vanguard Information Tech ETF VGT. Microsoft Stock Prediction For 2024 Equity research analysts on and off Wall Street typically use earnings growth and fundamental research as a form of valuation and forecasting. But many in trading turn to technical analysis as a way to form predictive models for share price trajectory. Some investors look to trends to help forecast where they believe a stock could trade at a certain point in the future. Looking at Microsoft, an investor could make an assessment about a stock's long term prospects using a moving average and trend line. If they believe a stock will remain above the moving average, which many believe is a bullish signal, they can extrapolate that trend into the future using a trend line. For Microsoft, the 200-day moving average sits at $412.21, according to Benzinga Pro, which is below the current price of $427.0. For more on charts and trend lines, see a description here. Traders believe that when a stock is above its moving average, it is a generally bullish signal, and when it crosses below, it is a more negative signal. Investors could use trend lines to make an educated guess about where a stock could trade at a later date if conditions remain stable. Price Action: MSFT stock traded lower by 0.19% at $426.21 premarket at the last check on Friday. Also Read: Microsoft's AI PCs Stumble With Game Compatibility: Report Market News and Data brought to you by Benzinga APIs

Microsoft hires former GE CFO in chief operations officer role

By Alex Halverson, The Seattle Times The Tribune Content Agency Microsoft has hired Carolina Dybeck Happe as an executive vice president and chief operations officer, a role created for the former GE chief financial officer, according to a memo sent to employees Thursday. Dybeck Happe will also join CEO Satya Nadella's senior leadership team, reporting to him. Nadella's note to employees emphasized Microsoft's continued efforts in artificial intelligence, saying that Dybeck Happe's hire is another example of the company seizing "the opportunity to reinvent" itself. "I've come to admire Carolina through her work as a global business leader, including most recently her role in leading GE's historic turnaround," Nadella said in the memo. She will help the leadership team "drive continuous business process improvement across all our organizations and accelerate our company-wide AI transformation, increasing value to customers and partners." Dybeck Happe was chief financial officer at GE from March 2020 through September 2023, according to her LinkedIn profile. Before GE, she was the chief financial officer of global shipping giant Maersk in Copenhagen, Denmark. Before that she spent 17 years at Stockholm, Sweden-based lock company Assa Abloy. She has a master's degree in business and economics from Uppsala University in Sweden. During her time at GE, the company announced plans to break up into three separate companies focused on health care, aviation and energy. The energy and aerospace companies launched in April and started trading on the New York Stock Exchange. With her hire, Microsoft will shuffle the organizations under its leadership. The commerce and ecosystems organization in cloud and AI, now under its executive vice president Scott Guthrie, will transition to Dybeck Happe. She'll also take over Microsoft's digital IT team and its business operations organization. The appointment is the latest in a string of leadership changes at Microsoft this year. In March, Microsoft announced that it had hired two founders from AI startup Inflection to lead its AI organizations. One of the founders, Mustafa Suleyman, was named as Microsoft AI CEO. Several of the company's AI organizations consolidated under the new AI leadership. Microsoft last had a chief operating officer about a decade ago, but has not filled a similar role since Kevin Turner left in 2016. Before his time at Microsoft, Turner was the CEO of Sam's Club, a Walmart division. Dybeck Happe, previously based in Boston, purchased a home in Medina three months ago, according to the Puget Sound Business Journal.

Microsoft names former GE CFO as operations chief

(Reuters) -Microsoft on Thursday named former GE finance chief Carolina Dybeck Happe as its chief operations officer. The appointment comes at a time when Microsoft is aggressively pursuing the lead in the cloud services market, doubling down on AI investments to bolster its cloud business and close the gap with Amazon's Amazon Web Services. Dybeck Happe, GE's finance chief since March 2020, was instrumental in leading the company's turnaround. She stepped down from the role in September 2023, but continued as senior vice president, completing the spin-off of energy infrastructure unit GE Vernova in April 2024. She has held finance head roles at multiple companies, including at A.P. Moeller - Maersk and Swedish access control and security firm Assa Abloy, among others. "In this newly created role, she will join the senior leadership team (SLT), reporting to me," Microsoft CEO Satya Nadella said in a statement. (Reporting by Deborah Sophia in Bengaluru; Editing by Shilpi Majumdar, Anil D'Silva and Shinjini Ganguli)

Microsoft hires former GE CFO Carolina Dybeck Happe as new operating chief

A sign is seen at the Microsoft headquarters on July 3, 2024 in Redmond, Washington. Microsoft told employees on Thursday that it has hired Carolina Dybeck Happe as its executive vice president and chief operating officer, reporting to CEO Satya Nadella. Dybeck Happe comes from GE, where she was senior vice president and chief financial officer from 2020 until September 2023. The appointment reflects Microsoft's commitment to ensuring it remains coordinated as so much of the company has become oriented around artificial intelligence. She will join Microsoft's senior leadership team alongside finance chief Amy Hood, cloud and AI engineering leader Scott Guthrie and other executives. "Carolina will partner with the SLT to help us drive continuous business process improvement across all our organizations and accelerate our company-wide AI transformation, increasing value to customers and partners," Nadella wrote in a memo to employees. Nadella said Dybeck Happe will take over Guthrie's commerce and ecosystems organization, the Microsoft Digital team under Office software leader Rajesh Jha and the Microsoft Business Operations unit in the finance department. Dybeck Happe's appointment comes months after GE's aviation and energy businesses, known as GE Aerospace and GE Vernova respectively, started trading on the New York Stock Exchange. GE announced plans to split into three companies in 2021. GE CEO Larry Culp called Dybeck Happe "a high-impact executive" when GE announced in 2019 that it had picked Dybeck Happe to replace Jamie Miller as chief financial officer. She joined GE from Maersk, where she had been finance chief. Before that, she spent almost 17 years at Swedish lock company Assa Abloy, where she became chief financial officer and deputy CEO. Microsoft has not had an operating chief since 2016, when former Walmart executive Kevin Turner left.

Microsoft announces former GE CFO Carolina Dybeck Happe as new COO | Mint

The appointment comes at a time when Microsoft is aggressively pursuing the lead in the cloud services market, doubling down on AI investments to bolster its cloud business and close the gap with Amazon's Amazon Web Services. Microsoft on Thursday named former GE finance chief Carolina Dybeck Happe as its chief operations officer. The appointment comes at a time when Microsoft is aggressively pursuing the lead in the cloud services market, doubling down on AI investments to bolster its cloud business and close the gap with Amazon's Amazon Web Services. Dybeck Happe, GE's finance chief since March 2020, was instrumental in leading the company's turnaround. She stepped down from the role in September 2023, but continued as senior vice president, completing the spin-off of energy infrastructure unit GE Vernova in April 2024. She has held finance head roles at multiple companies, including at A.P. Moeller - Maersk and Swedish access control and security firm Assa Abloy, among others. "In this newly created role, she will join the senior leadership team (SLT), reporting to me," Microsoft CEO Satya Nadella said in a statement.

Microsoft names new COO who played a key role in GE's turnaround

Microsoft named General Electric's former chief financial officer, Carolina Dybeck Happe, as its new executive vice president and chief operations officer. Dybeck Happ will join the company's senior leadership team, reporting to Satya Nadella, according to a memo from the Microsoft CEO to employees Thursday morning. The move comes as Microsoft continues to reposition itself both internally and externally to capitalize on the rise of artificial intelligence. "I've come to admire Carolina through her work as a global business leader, including most recently her role in leading GE's historic turnaround," Nadella wrote in the memo. "She is recognized for her ability to drive transformational change at scale while delivering improved customer experiences and faster time to value." The turnaround of GE included a lean manufacturing overall and strategic asset sales, turning the company from a conglomerate at risk of bankruptcy into three independent, publicly traded entities. In the new role at Microsoft, Nadella wrote, Dybeck Happ "will partner with the SLT to help us drive continuous business process improvement across all our organizations and accelerate our company-wide AI transformation, increasing value to customers and partners." Microsoft hasn't had an executive with the COO title since the departure of Kevin Turner in 2016. Nadella called Dybeck Happ's position a newly created role, and his description of the position differs sharply from Turner's focus on sales and Microsoft's competitive positioning under then-CEO Steve Ballmer. Dybeck Happ announced her plan to leave GE last year and purchased a home in the Seattle region in June, according to a report at the time by the Puget Sound Business Journal. She worked previously in financial leadership roles at companies including A.P. Moller - Maersk and ASSA ABLOY Group in Sweden and Denmark. As part the new role, Nadella said these groups will now report to Dybeck Happ: the Commerce + Ecosystems organization in Cloud + AI, the Microsoft Digital organization in Experiences + Devices, and the Microsoft Business Operations organization in the company's finance division.

Microsoft Hires GE's Former CFO as New COO to Oversee AI Transformation

Microsoft hired former General Electric CFO Carolina Dybeck Happe as its new chief operations officer, reporting to CEO Satya Nadella, he said in a memo to employees on Thursday. In the newly created role, Happe's job is to improve Microsoft's operations to "accelerate our company-wide AI transformation," Nadella said. That implies Happe could look at ways artificial intelligence could automate

Microsoft Names Carolina Dybeck Happe New COO, Shuffles Orgs

Microsoft seeks 'to raise the bar on our operational excellence,' CEO and Chairman Satya Nadella said in a statement. Microsoft has a new chief operating officer and executive vice president tasked with helping the vendor "drive continuous business process improvement across all our organizations and accelerate our company-wide AI transformation, increasing value to customers and partners." Carolina Dybeck Happe-who served as chief financial officer and senior vice president of General Electric through the 130-plus-year-old company's breakup into three separate businesses-takes on the newly created role as a member of the senior leadership team (SLT) reporting to Satya Nadella, CEO and chairman of the Redmond, Wash.-based tech giant. "I've come to admire Carolina through her work as a global business leader, including most recently her role in leading GE's historic turnaround," Nadella said in a blog post Thursday. "She is recognized for her ability to drive transformational change at scale while delivering improved customer experiences and faster time to value." [RELATED: Microsoft Is Doubling Down On AI, Security: Here Are Some Of Its Recent Hires] CRN has reached out to GE and Microsoft for comment. The vendor has more than 400,000 partners worldwide and expects the number of channel partners it works with to increase within the next 12 months, according to CRN's 2024 Channel Chiefs. Reporting to Happe will be "the Commerce + Ecosystems organization in Cloud + AI, the Microsoft Digital organization in Experiences + Devices, and the Microsoft Business Operations organization in Finance," according to Nadella's post. Microsoft's last operating chief was Kevin Turner, who left in 2016, according to CNBC. The shuffling of organizations comes about six months after Microsoft moved leaders around upon hiring Mustafa Suleyman for the role of Microsoft AI CEO. As part of the Suleyman moves, Pavan Davuluri was promoted to lead a combined Windows Experiences and Windows + Devices team and report to Rajesh Jha, EVP of the Experiences + Devices division now reporting to Happe. "These teams are doing mission-critical work for us with high ambition plans on how to empower our partners, customers, and employees with world class technology and experiences," he said. He said the hiring of a COO comes as Microsoft seeks "to raise the bar on our operational excellence, continually improving security, quality, and delivery to our customers, as well as the rigor with which we operate the business." "Building this capability is essential, and I want each of us to take as much pride in exceeding customer expectations in our fundamentals as we do in our product innovation," Nadella said. "After all, both are mission critical to our customers and our future." Happe said in a LinkedIn post Thursday that she took the job because she "immediately saw the incredible opportunity for AI to benefit every aspect of its business as a catalyst for innovation, growth, and value creation." "I could not be more thrilled to bring my lifelong passion for technology and my global experience in partnering to deliver transformation at scale to Microsoft," she wrote. Happe has started working with Microsoft this month, according to her account with Microsoft-owned social media network LinkedIn. In the COO role, her work will include "leveraging expertise in global transformation at scale, digitization, and continuous improvement to accelerate AI-based transformation across the company," accordingto her LinkedIn account. Happe started with GE in 2020 and worked on the spin-off of GE HealthCare in 2023 and spin-off of GE's energy businesses into GE Vernova, completed in April. GE itself became GE Aerospace.

Microsoft has a new executive in a role unfilled for nearly a decade

Microsoft has hired Carolina Dybeck Happe as an executive vice president and chief operations officer, a role created for the former GE chief financial officer, according to a memo sent to employees Thursday. Dybeck Happe will also join CEO Satya Nadella's senior leadership team, reporting to him. Nadella's note to employees emphasized Microsoft's continued efforts in artificial intelligence, saying that Dybeck Happe's hire is another example of the company seizing "the opportunity to reinvent" itself. "I've come to admire Carolina through her work as a global business leader, including most recently her role in leading GE's historic turnaround," Nadella said in the memo. She will help the leadership team "drive continuous business process improvement across all our organizations and accelerate our company-wide AI transformation, increasing value to customers and partners." Dybeck Happe was chief financial officer at GE from March 2020 through September 2023, according to her LinkedIn profile. Before GE, she was the chief financial officer of global shipping giant Maersk in Copenhagen, Denmark. Before that she spent 17 years at Stockholm, Sweden-based lock company Assa Abloy. She has a master's degree in business and economics from Uppsala University in Sweden. During her time at GE, the company announced plans to break up into three separate companies focused on health care, aviation and energy. The energy and aerospace companies launched in April and started trading on the New York Stock Exchange. With her hire, Microsoft will shuffle the organizations under its leadership. The commerce and ecosystems organization in cloud and AI, now under its executive vice president Scott Guthrie, will transition to Dybeck Happe. She'll also take over Microsoft's digital IT team and its business operations organization. The appointment is the latest in a string of leadership changes at Microsoft this year. In March, Microsoft announced that it had hired two founders from AI startup Inflection to lead its AI organizations. One of the founders, Mustafa Suleyman, was named as Microsoft AI CEO. Several of the company's AI organizations consolidated under the new AI leadership. Microsoft last had a chief operating officer about a decade ago, but has not filled a similar role since Kevin Turner left in 2016. Before his time at Microsoft, Turner was the CEO of Sam's Club, a Walmart division. Dybeck Happe, previously based in Boston, purchased a home in Medina three months ago, according to the Puget Sound Business Journal.

Microsoft names former GE CFO Dybeck as operations chief amid AI push

Microsoft on Thursday named former GE finance chief Carolina Dybeck Happe as its chief operations officer, as the tech giant looks to bolster its leadership team while it doubles down on artificial intelligence. Dybeck Happe, GE's finance chief between March 2020 and September 2023, was instrumental in leading the company's turnaround. She also helped complete the spin-off of energy infrastructure unit GE Vernova in April 2024, after she had stepped down from CFO's role. Click here to connect with us on WhatsApp She has previously held finance head roles at multiple companies, including at A.P. Moeller - Maersk and Swedish access control and security firm Assa Abloy. The appointment comes at a time when Microsoft is aggressively pursuing the lead in the cloud services market and trying to close the gap with Amazon's Amazon Web Services. "In this newly created role, she will join the senior leadership team (SLT), reporting to me," Microsoft CEO Satya Nadella said, adding Dybeck Happe will be crucial in accelerating "company-wide AI transformation". The SLT has been key to Microsoft's strategic decisions, including the multi-billion dollar investment in ChatGPT owner OpenAI, partnerships with other tech giants and even the acquisition of videogame maker Activision Blizzard. More From This Section Live from SF: Meta CEO Mark Zuckerberg tapes podcast with 6,000 friends Top EU privacy regulator opens investigation into Google's AI compliance OpenAI presents new series of AI models with 'reasoning' abilities OpenAI fundraising set to catapult startup's valuation to $150 billion Tech wrap Sep 12: Vivo T3 Ultra, Samsung Galaxy M05, iPhone 16 series, more "The timing of Dybeck Happe's appointment may coincide with the implementation of lessons learned from the recent Crowdstrike outage that specifically impacted Microsoft devices. Microsoft can not allow this type of event to occur again," said D.A. Davidson analyst Gil Luria. Earlier this year, Microsoft tapped AI industry veteran Mustafa Suleyman to lead its AI operations and added him to the SLT. Suleyman co-founded DeepMind, which Google acquired in 2014 and now operates as its AI division. To give investors a clearer picture on AI contributions to its financials, Microsoft last month restructured how it reports results for its business units, moving some search and news advertising revenue under the Azure cloud-computing unit. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) Also Read Microsoft to cut 650 jobs from its Xbox unit in third layoff this year Cloud-based productivity software suite recovering after outage: Microsoft Cloud-based productivity software suite recovering after outage: Microsoft Microsoft 365 services down for thousands of users, shows Downdetector Microsoft acquires 16.4-acre land parcel for Rs 520 crore in Pune

Microsoft ropes in GE's finance chief Happe for COO job (NYSE:GE)

As part of the transition, Happe will now oversee the Commerce + Ecosystems organization in Cloud + AI, the Microsoft Digital organization in Experiences + Devices, and the Microsoft Business Operations organization in Finance. Happe joins Microsoft from GE, where she was the chief financial officer. She played an integral role in GE's turnaround and separation into three independent companies, overseeing the reduction of $100B+ of debt, among other things, during her tenure.

Microsoft names former GE CFO as operations chief amid AI push

She has previously held finance head roles at multiple companies, including at A.P. Moeller - Maersk and Swedish access control and security firm Assa Abloy. The appointment comes at a time when Microsoft is aggressively pursuing the lead in the cloud services market and trying to close the gap with Amazon's Amazon Web Services. "In this newly created role, she will join the senior leadership team (SLT), reporting to me," Microsoft CEO Satya Nadella said, adding Dybeck Happe will be crucial in accelerating "company-wide AI transformation". The SLT has been key to Microsoft's strategic decisions, including the multi-billion dollar investment in ChatGPT owner OpenAI, partnerships with other tech giants and even the acquisition of videogame maker Activision Blizzard. "The timing of Dybeck Happe's appointment may coincide with the implementation of lessons learned from the recent Crowdstrike outage that specifically impacted Microsoft devices. Microsoft can not allow this type of event to occur again," said D.A. Davidson analyst Gil Luria. Earlier this year, Microsoft tapped AI industry veteran Mustafa Suleyman to lead its AI operations and added him to the SLT. Suleyman co-founded DeepMind, which Google acquired in 2014 and now operates as its AI division. To give investors a clearer picture on AI contributions to its financials, Microsoft last month restructured how it reports results for its business units, moving some search and news advertising revenue under the Azure cloud-computing unit. (Reporting by Deborah Sophia and Akash Sriram in Bengaluru; Editing by Shilpi Majumdar, Anil D'Silva and Shinjini Ganguli)