Microsoft CEO Steve Ballmer To Retire In The Next 12 Months
Steve Ballmer has been Microsoft CEO since 2000. In 2009 Ballmer gave his first keynote at CES, and under his watchful eye, Microsoft went from $25 billion to $70 billion in annual revenue. The companies net income increased over 200% making it’s yearly net around $23 billion.
Recent changes at Microsoft have shook up the management situation. First off, Xbox boss Don Mattrick departed to Zynga (likely in the wake of the changes at Microsoft). The Xbox division was split into two separate silos, one headed up by Julie Larson-Green will handle the hardware, and the other will deal with core operating systems, guided by Terry Myerson.
Microsoft has now announced that CEO, Steve Ballmer will be retiring within the next calendar year,
“Microsoft Corp. today announced that Chief Executive Officer Steve Ballmer has decided to retire as CEO within the next 12 months, upon the completion of a process to choose his successor. In the meantime, Ballmer will continue as CEO and will lead Microsoft through the next steps of its transformation to a devices and services company that empowers people for the activities they value most.”
Ballmer made this statement along with the announcement,
“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’s impending departure will surely result in a ripple effect that causes even more internal reforms within Microsoft. The good news is Ballmer is sticking around to pick a successor, Donald Trump style.
Weekly challenges will pit executives against each other with the persistent threat of elimination lurking. Hopefully the new Microsoft CEO will continue to take the company to new heights, and ensure the Xbox division keeps delivering the products gamers love.
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