Microsoft CEO Steve Ballmer to Retire
Posted by Dave Letcavage
Within the next 12 months
Microsoft has announced that Chief Executive Officer, Steve Ballmer, will be retiring at some point in the next 12 months, following the process of selecting a successor.
“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.”
Ballmer has been a part of the Microsoft family since 1980, which was just 5 years after the inception of the company. It sounds as if he may be retiring earlier than he'd like to, but it makes sense to depart before a new era begins for Microsoft, to ensure a smoother transition.
Considering the integral role that Ballmer played in the development of the Xbox entertainment division when he was made CEO in 2000, it'll be interesting to see how this shakeup affects future operations, if at all.