Young most recently served as chief executive officer of McAfee, one of the largest cybersecurity companies in the world. Previously, Young held senior leadership positions at Cisco, VMware, RSA and AOL.
Young will report directly to Microsoft Chief Executive Officer Satya Nadella.
"We know that for our customers and partners, the next decade of economic growth will be defined by the digital investments made today. With Chris' leadership, the Business Development team will continue to be a key accelerant for our partnerships and new growth opportunities," Nadella said.
The company said that Young will be responsible for developing Microsoft's global business development strategies that drive growth across the company. This includes leading the evaluation and execution of strategic partnership opportunities, including alliances, venture investments and joint ventures that align with corporate strategy.
"The pace of change in our world is accelerating, and technology-driven experiences that are more connected, interactive and intelligent are the drivers," Young said. "It is great to be joining Microsoft, to help lead this transformation in the way we work and live."
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