Wal-Mart's Kevin Turner becomes Microsoft's new COO ("Chief Operating Officer")
This is Kevin Turner who, as their new COO starting at September 8th, takes Microsoft's third most important position after Steve Ballmer and Bill Gates.
The COO position at Microsoft had been vacant for about three years (provisionally taken by Kevin Johnson, currently group vice president of worldwide sales, marketing and services). As a COO, Kevin is going to be responsible for Microsoft's sales, marketing activities, service and the company's internal IT infrastructure according to Ballmer.
He receives 7 million US$ for joining Microsoft, a 570,000 US$ salary, an additional yearly bonus up to the amount of his salary and 320,000 Microsoft stocks (over a couple of years - currently worth approx. 9 million US$, let's see how much he makes out of that ;-). Naturally, he'll also take part in the Microsoft bonus program for executives.
Before joining Microsoft, Kevin was president and CEO of Wal-Mart's business Sam's Club, a business for small businesses. During his 19 years at Wal-Mart (starting as a cashier during his studies), he has become an incredibly successful manager.
Microsoft PressPass has some additional information.