featured
featured
PhoneDog Media Exclusive
Download iM5, now available in the App Store and Google Play. iM5 is a PhoneDog Media backed Social Platform to inspire real-life action through the crowdsourcing of ideas. See the video

Microsoft CEO Steve Ballmer

How's this for a Friday morning surprise? Microsoft just announced that CEO Steve Ballmer will retire "within the next 12 months." Ballmer will stay on as CEO until his successor is chosen. "There is never a perfect time for this type of transition, but now is the right time,” Ballmer said, explaining that Microsoft is in the midst of an "important transformation" and that the company needs a new leader that will be there long term for this new strategy.

Microsoft's board of directors has put together a special committee to find a replacement for Ballmer that includes Chairman of the Board Bill Gates. Microsoft and its search committee plan to work with recruiting firm Heidrick & Struggles International Inc. as part of the CEO hunt, and the Redmond firm says that it will consider both external and internal candidates.

The news of Ballmer's retirement definitely comes as a bit of a surprise, as there haven't really been any indications lately that Ballmer may be planning to step down. That's exactly what he'll be doing within the next year, though, and it'll be interesting to see who Microsoft names as its new CEO.

Ballmer, who started at Microsoft in 1980 and was named CEO in 2000, didn't give any reasons for his retirement. However, he did say in an internal email that the decision is "in the best interests" of Microsoft. Both the official announcement of Ballmer's retirement and his memo can be found at the links below.

Via Microsoft (1), (2)


Don't forget to VOTE! Each week, PhoneDog Fans vote for their #1 smartphone in the Official Smartphone Rankings. Vote now and contribute to the industry's most relevant weekly ranking charts


Related posts



Comments & discussions  




Most popular Videos
Most popular Videos
Most popular Videos

Most popular Reactions
Most popular Reactions
Most popular Reactions

This weeks "People's Choice Rankings" best smartphones
People's Choice Rankings


See all hot devices