It was announced by Microsoft that Steve Ballmer, the chief executive, would retire within next twelve months, once a successor was found.
Mr Ballmer currently is overseeing Microsoft transformation into one services and devices company.In one statement, he said that there wasn’t perfect time as for such transition before but it’s right time now and that they needed such CEO who would be there longer term as for that new direction.
The world’s largest software company now has created one special committee for finding a replacement. The committee also includes the founder of Microsoft, Bill Gates.
In the year 2000, Mr Gates was succeeded by Mr Ballmer, aged 57.These 2 men got to meet in the year1973 while they were studying at one Harvard University. Mr Ballmer happened to join this company in the year 1980.
Microsoft did emerge as undisputed leader as in the sector of technology, and it became largest company of world according to market value.
Though, recently there was the investor criticism regarding Microsoft for not being able to react quickly enough according to how Google and Apple led their way in the mobile devices.
The company struggled as the consumers began shunning laptops and desktops in the favour of mobile devices and tablets.While the Windows software tends to be used over PCs’ vast majority, Microsoft only could make little impact within fast-growing smartphone and tablet segments.
The transformation plan announced by Microsoft, the previous month, is attempting to address to that.
In one memo to the staff the previous month, Mr Ballmer stated that changes meant that company was quite rallying behind one single strategy being one company – and not any collection of the divisional strategies.He said the aim was to react to these market changes faster.