In an email to employees Ballmer wrote, "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." However, he said the company needs someone who plans to be at the helm longer than that. Microsoft's board has appointed a special committee for the search that includes co-founder and chairman Bill Gates.
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MICROSOFT'S BALLMER TO RETIRE Featured
Microsoft CEO Steve Ballmer has announced his plan to retire from the company within a year. The long-time Microsoft leader says he will leave once a successor is chosen. Wall Street, which has not been happy with the loud and frenetic CEO, registered its approval by boosting the price of company shares.
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