The highly flamboyant Microsoft Chief Executive Officer, Steve Ballmer, is due to step down from his position within 12 months.
Direct from Microsoft’s own website, the software giant has announced that Ballmer will retire “upon completion of a process to choose his successor.” However, the company assures its customers that everything is business as usual, and Steve will continue his role as company CEO for the next year.
Steve Ballmer expressed his own opinion on his voluntary departure, citing one very important reason; the company requires a CEO who would remain for the duration, throughout Microsoft’s new transition “… to a devices and services company.”
The Board of Directors has taken on the responsibility of establishing a committee to oversee Ballmer’s replacement, which includes Bill Gates as Chairman of the Board. The group is alleged to be working in conjunction with Heidrick & Struggles International Inc., a recruiting firm, to unearth both internal and external contenders for the new CEO position.
Gates had this to say, regarding his role in the process:
“As a member of the succession planning committee, I’ll work closely with the other members of the board to identify a great new CEO… We’re fortunate to have Steve in his role until the new CEO assumes these duties.”
Microsoft still continues to make decent profits, to this day. However, their recent initiatives have not been particularly well received by either mainstream consumers or technology enthusiasts, and their shares have remained somewhat stagnant. A number of investors have also critiqued Ballmer’s inability to adapt the company to, what is perceived to be, a new era of portable and mobile technologies. In addition, Microsoft’s latest Surface RT tablet has performed much worse than anticipated, resulting in the corporation missing fourth-quarter targets.
By: James Fenner