Premium
This is an archive article published on August 24, 2013

Microsoft CEO Ballmer to retire

After an over 13-year stint as chief executive officer,Ballmer has decided to retire.

Microsoft CEO Steve Ballmer will hang up his boots in the next one year and the technology giant has started the process of choosing his successor who faces the daunting task of beating rivals like Apple and Google.

After an over 13-year stint as chief executive officer,Ballmer has decided to retire within the next 12 months upon the completion of a process to choose his successor,Microsoft said in a statement posted on its website.

There is never a perfect time for this type of transition,but now is the right time, 57-year-old Ballmer said in an email to Microsoft employees.

My original thoughts on timing would have had my retirement happen in the middle of our transformation to a devices and services company focused on empowering customers in the activities they value most. We need a CEO who will be here longer term for this new direction, he added.

The board of directors has appointed a special committee to direct the process.

 

Latest Comment
Post Comment
Read Comments
Advertisement
Advertisement
Advertisement
Advertisement