Chris Liddell is Microsofts new CFO

Software maker Microsoft said it has hired Chris Liddell, chief financial officer at International Paper, to become its CFO with effect from May 9, replacing John Connors, who retired in January to join a Seattle-area venture capital firm.

Before International Paper, Liddell was chief executive officer of Carter Holt Harvey, one of New Zealand’s largest forest-products companies.

“Chris brings great talent and skills, both in finance and in business leadership,” Microsoft CEO Steve Ballmer said. At International Paper, Liddell was credited with helping cut costs, Microsoft said. International Paper said executive V-P M M Parrs will be interim CFO while the company seeks a permanent replacement.

Liddell said he was drawn to Microsoft by its “tremendous level of optimism, energy and passion for excellence.”

“Given Microsoft’s track record of innovation, outstanding people and proven ability to create value, the opportunities that lie ahead are nearly limitless,” Liddell said in a statement released by the company.

At international paper, Liddell was credited with helping cut costs, Microsoft said.

In a separate statement, Stamford, Conn-based international paper said Executive Vice President Marianne M. Parrs will become interim CFO while the company seeks a permanent replacement.

Microsoft shares fell 3 cents to USD 24.95 during afternoon trading on the Nasdaq stock market while international paper shares rose 7 cents to USD 33.92 on the New York Stock Exchange.