Sources: Amazon is hiring Microsoft's former Chief Product Officer Panos Panay to run the division responsible for Alexa and the Echo smart speakers

Sources: Amazon is hiring Microsoft's former Chief Product Officer Panos Panay to run the division responsible for Alexa and the Echo smart speakers — Amazon.com Inc. is hiring Microsoft Corp.'s product chief to run the division responsible for Alexa and the Echo smart speakers, according to people familiar with the situation.