Skip to main content

Breaking News
  • Argentine Football Association president Julio Grondona died in hospital on Wednesday at the age of 82
  • Israeli strikes near a market in the eastern Gaza Strip kill 15 Palestinians and wound 160, Gaza health ministry says
| Share this article
|

Microsoft Corp said on Friday that Chief Executive Officer Steve Ballmer would retire within the next 12 months, once it has selected a successor, sending its shares up almost 9 percent.

Ballmer said in a statement that he would have timed his retirement in the middle of Microsoft’s announced transformation to a devices and services company. But he said: “We need a CEO who will be here longer term for this new direction.”

The software company said its board had appointed a special committee to direct the process of appointing a new CEO. The committee is chaired by John Thompson, the board’s lead independent director, and includes Microsoft founder and Chairman Bill Gates, as well as other board members Chuck Noski and Steve Luczo.

It will consider both external and internal candidates and is working with executive recruiting firm Heidrick & Struggles International Inc, according to the company.

Microsoft shares rose 8.9 percent to $35.27 in premarket trading.

Reuters

Copyright © 2014 euronews

More about:
| Share this article
|

Log in
Please enter your login details