Evercore Snares Microsoft Exec

Brian Roberts has agreed to join Evercore Partners, after spending the past two years in charge of Microsoft’s corporate development organization. He will work with Evercore’s financial advisory practice, which helps corporate officers and boards of directors enhance shareholder value.

Roberts joined Microsoft in January 2001, after having led the corporate development team at Inktomi Corp. He was promoted corporate vice president of corporate development in late 2003, which means that he oversees the sourcing, evaluation and execution of all Microsoft acquisitions and investments.

Neither Evercore nor Microsoft have yet responded to requests for comment, but a source familiar with the situation says that Microsoft’s Marc Brown will be promoted to fill Roberts’ current position.

More on this move in Monday’s edition of the PE Week Wire. More on Roberts can be found here.

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Updated 4:22pm EST
Microsoft has issued the following statement: Brian Roberts, Corporate Vice President of Corporate Development, has announced he will be leaving Microsoft to take a role as Managing Director at Evercore Partners, a financial advisory firm.  Brian has been leading the Corporate Development organization and has helped grow a top-notch leadership team. As a result of that strong leadership team being in place, our execution on our M&A strategy will continue to operate at the highest of levels.

We will be hiring Brian’s replacement, however in the interim Marc Brown Managing Director has agreed to lead our Corporate Development activities.  Marc?s six years of experience with Corporate Development will be invaluable in helping us to keep our Corporate Development priorities on track during this transition period.

 

Email Daniel.Primack@thomson.com