In a surprising move today, Microsoft just announced that long-time CEO Steve Ballmer will retire in the coming 12 months. He will stay at the helm of the company until the board finds a new CEO.
“There is never a perfect time for this type of transition, but now is the right time,” Ballmer said in the company’s press release. “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.”
On July 11, Microsoft announced a major reorganization to focus more on hardware. Ballmer signaled this change after firing Steve Sinofsky. At the time, he said that it was “imperative that we continue to drive alignment across all Microsoft teams, and have more integrated and rapid development cycles for our offerings.”
That’s why today’s news is even more surprising after Ballmer achieved such a big change for Microsoft. If his or her successor doesn’t like the ‘One Microsoft’ vision, he’ll have to do another reorganization.
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Steve Ballmer To Retire As Microsoft CEO Within 12 Months
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