Microsoft CEO Steve Ballmer to retire within the next 12 months

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For many of you, the name Steve Ballmer may not ring a bell. However he is the decade long CEO of Microsoft and it appears that he will now be on his way out. In a message sent to his employees Ballmer said that “There is never a perfect time for this type of transition, but now is the right time.”

Once a replacement is found, Ballmer will be leaving Microsoft. As for who will be making the decision to choose Ballmer’s replacement, a committee including Bill Gates and many others have been organized to see who will take his place. In a rather interesting sign of the times, perhaps thanks to the Xbox One’s initial issues, Microsoft’s stock actually rose a few percent as this news was revealed.

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