Microsoft CEO Steve Ballmer to Retire in the Next Year

Microsoft CEO Steve Ballmer will retire within the next 12 months, depending on when a replacement is found, the company announced early Friday

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