Microsoft CEO Steve Ballmer to retire

Microsoft has announced that CEO Steve Ballmer is to retire within 12 months and its board has begun looking for a successor. The board’s director John Thompson is to lead a committee to find a new CEO. The committee includes founder and board chairman Bill Gates and will consider internal and external candidates.

The news comes six weeks after Microsoft announced a major executive re-organisation as part of plans to re-invent Microsoft with a big push to develop hardware from phones to set-top boxes, as it attempts to remain relevant in the era of IT consumerisation.

Ballmer said that, with the company’s transformation to a devices and services company, it needs a CEO who will be around in the longer term for this new direction.

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