Tuesday, September 2, 2014
Steve Ballmer, Microsoft CEO To Retire Within A Year

Steve Ballmer, Microsoft CEO To Retire Within A Year

A day we never thought we’d see will come in less than a year: Microsoft long-serving CEO Steve Ballmer has announced that he’ll retire from the software company within a year.

The announcement was made on the company’s official site, where Ballmer also made known that he’d serve as CEO in the interim, leading Microsoft “through the next steps of its transformation to a devices and services company that empowers people for the activities they value most.”

“There is never a perfect time for this type of transition, but now is the right time,” Ballmer said. “We have embarked on a new strategy with a new organization and we have an amazing Senior Leadership Team. My original thoughts on timing would have had my retirement happen in the middle of our company’s transformation to a devices and services company. We need a CEO who will be here longer term for this new direction.”

The Board of Directors has appointed a special committee to direct the process. This committee is chaired by John Thompson, the board’s lead independent director, and includes Chairman of the Board Bill Gates, Chairman of the Audit Committee Chuck Noski and Chairman of the Compensation Committee Steve Luczo. The special committee is working with Heidrick & Struggles International Inc., a leading executive recruiting firm, and will consider both external and internal candidates.

“The board is committed to the effective transformation of Microsoft to a successful devices and services company,” Thompson said. “As this work continues, we are focused on selecting a new CEO to work with the company’s senior leadership team to chart the company’s course and execute on it in a highly competitive industry.”

“As a member of the succession planning committee, I’ll work closely with the other members of the board to identify a great new CEO,” said Gates. “We’re fortunate to have Steve in his role until the new CEO assumes these duties.”

This comes at a time when Microsoft is working hard to regain footing after the botched Xbox One reveal, and in turn bad reception, reversing on virtually all its policies to garner positive momentum for the console.

Xbox One will launch in November on an unspecified date.

 

About Ernice Gilbert

Ernice Gilbert here. Founder and Editor-In-Chief of Gamesthirst. Thanks for stopping by, make yourself at home!
  • afrpain

    A new product about to be released and everyone is jumping ship, quite amusing to be honest