Microsoft Corp. on Friday announced that Chief Executive Officer Steve Ballmer has decided to retire as CEO within the next 12 months, upon the completion of a process to choose his successor.
So for the time being Ballmer will continue as CEO and will head Microsoft through the next steps of its transformation to devices and services as a company that empowers people for the activities they value most.
Ballmer said that “There is never a perfect time for this type of transition, but now is the right time”. He said with an incredible senior Leadership Team the company has embarked on a new strategy with a new organization, and the company needs a CEO who will lead the company for longer term for this new direction.
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.
The special committee which has been appointed by the board of directors to direct the process of appointing a new CEO for the company is working with Heidrick & Struggles International Inc., a leading executive recruiting firm, and will consider both external and internal candidates.
Bill Gates being a member of the succession planning committee will be working closely with the other members of the board to identify a great new CEO for the company. Gates said that “We’re fortunate to have Steve in his role until the new CEO assumes these duties.”
Microsoft which was founded in 1975, (Nasdaq “MSFT”) is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.