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Microsoft’s Chief Product Exec to Step Down

A view shows a Microsoft logo at Microsoft offices in Issy-les-Moulineaux near Paris, France, January 25, 2023. (Reuters)
A view shows a Microsoft logo at Microsoft offices in Issy-les-Moulineaux near Paris, France, January 25, 2023. (Reuters)
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Microsoft’s Chief Product Exec to Step Down

A view shows a Microsoft logo at Microsoft offices in Issy-les-Moulineaux near Paris, France, January 25, 2023. (Reuters)
A view shows a Microsoft logo at Microsoft offices in Issy-les-Moulineaux near Paris, France, January 25, 2023. (Reuters)

A top product executive at Microsoft who launched its Surface line of computers and Windows 11 is leaving the company.

Panos Panay is stepping down after nearly 20 years at Microsoft, most recently as chief product officer, according to a staff memo Monday.

“Under Panos’ leadership, the team created the iconic Surface brand with loved products,” said the message to employees from Rajesh Jha, executive vice president of Microsoft's experiences and devices group.

Another longtime executive, Yusuf Mehdi, will take lead on the Windows and Surface businesses and products, Jha said. The note said Panay would be helping with the transition.

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Global Tech Outage to Cost Air France KLM Close to $11 mln

Air France planes are parked on the tarmac at Paris Charles de Gaulle airport, in Roissy, near Paris, Saturday, April 7, 2018. Some 30 percent of Air France flights were cancelled Saturday as strikes over pay rises appear to be intensifying. (AP Photo/Christophe Ena)
Air France planes are parked on the tarmac at Paris Charles de Gaulle airport, in Roissy, near Paris, Saturday, April 7, 2018. Some 30 percent of Air France flights were cancelled Saturday as strikes over pay rises appear to be intensifying. (AP Photo/Christophe Ena)
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Global Tech Outage to Cost Air France KLM Close to $11 mln

Air France planes are parked on the tarmac at Paris Charles de Gaulle airport, in Roissy, near Paris, Saturday, April 7, 2018. Some 30 percent of Air France flights were cancelled Saturday as strikes over pay rises appear to be intensifying. (AP Photo/Christophe Ena)
Air France planes are parked on the tarmac at Paris Charles de Gaulle airport, in Roissy, near Paris, Saturday, April 7, 2018. Some 30 percent of Air France flights were cancelled Saturday as strikes over pay rises appear to be intensifying. (AP Photo/Christophe Ena)

Air France KLM faces a hit of about 10 million euros ($10.85 million) from last week's global technology outage, finance chief Steven Zaat said on Thursday.

The group is one of the first airlines to disclose a cost linked to the disruption, Reuters reported.

"The expectation is that it will cost us around 10 million (euros)," Zaad said in a press call, adding that KLM and Transavia bore the brunt of the disruptions while Air France was not seriously affected.

A software update by global cybersecurity company CrowdStrike triggered systems problems that grounded flights, forced broadcasters off air and left customers without access to services such as healthcare or banking last Friday.

Delta Air Lines has been the slowest among major US carriers to recover from the outage. The carrier has cancelled more than 6,000 flights since Friday and analysts estimate the hit to its bottom line could be in the hundreds of millions of dollars. ($1 = 0.9213 euros)