23 August 2013 - 2:20pm | posted by | 0 comments

Steve Ballmer to step down as Microsoft CEO

Steve Ballmer to step down as Microsoft CEOSteve Ballmer to step down as Microsoft CEO

Microsoft CEO Steve Ballmer has revealed he will retire within the next 12 months.

Ballmer said that a new CEO was needed to drive the company forward following his announcement that there would be a “far reaching realignment of the company.”

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

“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.”

The Board of Directors has appointed a special committee to direct the process, chaired by John Thompson with input from Bill Gates, Chuck Noski and Steve Luczo.

Microsoft appears to be looking outside the company for Ballmer’s replacement, having hired recruitment specialists Heidrick & Struggles International.

Don't miss out... Get your Digital news by email

See all specialist newsletters

11 related companies from Profile Hub, The Drum's modern marketing directory:

Be the first to comment on this article: sign in or register.

Latest Projects from the Profile Hub

AVCA - The heart of African VC and PE

19/09/2014
The African Private Equity and Venture Capital Association...

BWP gets colourful with K3

18/09/2014
K3 approached BWP Group to help them design and build a...

dlc - Responsive website

17/09/2014
dlc is the UK’s leading, independent debt recovery firm,...

Ecommerce Solution for B2B and B2C Retailer

16/09/2014
Talking Tables provides high quality party decorations for...

Peak Scientific Innovation - Brand Communications for US Market

16/09/2014
Peak Scientific is a leading Scottish gas generator...