Breaking Finance News

BREAKING- Microsoft CEO Steve Ballmer to Retire (MSFT)

Microsoft has announced that Microsoft (NASDAQ: MSFT) CEO Steve Ballmer will retire within 12 months. According to the release:

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

The stock is up more than 9 percent in pre-market trading

[stock-tools exchange="NASDAQ" symbol="MSFT" image_height="230" image_width="350"]

Disclosure: At the time of this writing, the author had no position in the company mentioned.

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