Microsoft names veteran insider as Office head | Reuters

(Reuters) - Microsoft Corp named company veteran Kurt DelBene as head of its lucrative Office business on Friday, taking over from Stephen Elop, who left the world's largest software company to become chief executive officer of Nokia Corp last month.

Microsoft's Office suite of business applications -- including well-known programs such as Word, Outlook, SharePoint and Excel -- is a huge money-maker for the company and central to its move toward providing software online.

Office provided almost all of the $11.8 billion in profit reported by the Microsoft Business Division last fiscal year, just less than half of the company's total operating earnings.

Microsoft names veteran insider as Office head | Reuters