Visa, Kraft Executives Join Microsoft’s Board Of Directors

Boy, Microsoft’s board of directors sure has a lot of new faces these days. More were just added today, as the company made official two new appointments.

Both will take charge of their new roles on October 1.

And both come with loads of experience of the corporate world. First is Charles W. Scharf, the chief executive officer of Visa Inc. And the other is Teri List-Stoll, the executive vice president and chief financial officer of Kraft Foods Group Inc.

Microsoft also took the opportunity to announce a quarterly dividend increase of 11%, which now sits at 31 cents per share. The dividend will be payable on December 11, 2014.

Redmond announced these new changes earlier today, with Amy Hood, the chief financial officer of the software titan explaining:

“As we continue to focus on the company’s transformation and the board continues to evaluate capital strategy options, this dividend increase is another step in our ongoing commitment to increase capital returns to shareholders.”

Charles, 49 years of age was appointed CEO of Visa in 2012, after previously spending nine years as the chief executive officer of retail financial services at JPMorgan Chase & Co. He was also a managing director at One Equity Partner.

Teri List-Stoll previously worked as the senior vice president and treasurer at Procter & Gamble.

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