Microsoft’s Ballmer To Retire Within A Year

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Posted 4 years ago

Microsoft's Ballmer To Retire Within A YearMicrosoft has announced that CEO Steve Ballmer will be stepping down from his role as CEO in 12 months.

“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.”

Microsoft’s Board of Directors has implement a special committee to handle the entire process.

The special committee has engaged Heidrick & Struggles International Inc., a leading executive recruiting firm, and will consider both external and internal candidates.

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