In Shocker, Microsoft’s Ballmer to Retire In the Next Year

Steve Ballmer

Microsoft made the shocking announcement Friday that CEO Steve Ballmer will retire in the next year.

Ballmer will continue as the CEO will a successor is chosen by a special committee.

“There is never a perfect time for this type of transition, but now is the right time,” Ballmer said in a statement issued by the company.

“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 became CEO of Microsoft in 2000 after Bill Gates moved to the chairman’s role.

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