Steve Ballmer is Going to Retire

1 1 1 1 1 Steve Ballmer is Going to Retire5.00Rating 2.45 (11 Votes)

Microsoft CEO Steve Ballmer is going to retire within the next 12 months, the company announced early Friday. This will happen when a replacement is found.

Ballmer said: "There is never a perfect time for this type of transition, but now is the right time. 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 also announced it has appointed a special committee to head up the process of finding a replacement for Ballmer. The company's stock shot up by nearly 9% in pre-market trading following the news.

This news about Ballmer retirement come barely one month after Ballmer led a massive reorganization of the company in an attempt to bring all divisions under one unified vision.

Source

You have no rights to post comments

Thursday the 23rd.