The head of Microsoft has resigned

Chris Young, Microsoft’s head of business development and venture capital, resigned on Wednesday, the company said.

Young headed Microsoft’s M12 venture fund and became known as an official. Other Microsoft officers named include CFO Amy Hood, general counsel and vice president Brad Smith, head of sales Judson Althoff, and CEO and chairman Satya Nadella.

As an officer named Young, Microsoft was legally obligated to publicly disclose his compensation, responsibilities, and departure. Microsoft announced Young’s resignation on Wednesday SEC filing.

When Microsoft filed its annual proxy report in October, it listed Young’s accomplishments as increasing M12’s “engagement” in areas such as artificial intelligence and data infrastructure, working with company leadership on emerging technology, closing strategic partnerships and helping the company advance its larger business. . sustainability goals. Company he also said Young “became a champion of diversity and inclusion within the business development organization and within the company.”

Young was previously CEO of McAfee. He joined Microsoft in 2020 to replace the company’s previous CEO, Peggy Johnson, who founded M12. M12 was originally created by the Seattle tech giant to track Silicon Valley technology and rising startups through typical venture capital investments. Under Young’s leadership, it was more like an extension of Microsoft’s business development team.

The SEC filing did not say why Young left. Although he is no longer at his former job, he said he will remain on staff until March to help with the transition. Young did not immediately respond to a request for comment.

“We are deeply grateful for the significant impact Chris has had at Microsoft over the past 4 years,” a spokesperson told TechCrunch. “During Chris’ tenure, he led hundreds of strategic partnerships, fostered a culture of innovation and laid the groundwork for our future growth. We support Chris’ decision to try again.”