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  Report: Microsoft eyes financial revamp
Time: 13:03 EST/18:03 GMT | News Source: CNET | Posted By: Alex Harris

Microsoft is set to announce plans on Thursday to reorganize its executive ranks, with an emphasis on improving financial management, according to a published report. CEO Steve Ballmer will delegate much of the software giant's day-to-day financial operations to seven executives who will serve as chief financial officers and oversee individual units of the company's business, according to a story in Wednesday's Wall Street Journal.

Those CFOs will reportedly head divisions centered on Microsoft's primary product lines--Windows, server software, mobile software, office software, video games, business software and MSN. Among the people slotted to jump into the newly created financial management positions are a list of hires from outside Microsoft, including executives from companies such as Walt Disney, Hewlett-Packard, McKinsey and Exxon Mobil, the Journal reported. Those executives will continue to report to Ballmer who, along with Microsoft CFO John Connors, will help oversee the software maker's central finances, the story said.

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