Steve Ballmer Resigns From The Position of CEO Microsoft

Chief Executive Officer of Microsoft Corp. (MSFT) Steve Ballmer, who struggled to adapt to the largest software maker in the world in the technology shift from personal computers to mobile devices, will retire after more than a decade to lead.

Microsoft has announced that chief executive officer (CEO) Steve Ballmer will step down in the next 12 months, once his successor has been set.

"Right now the right time to make the transition. We need CEOs who are here for a long time," said Ballmer.

John Thompson, will lead the company's independent directors to oversee and find a replacement, to be brought to a committee in which there is also the founder of Microsoft is Bill Gates.

Investors welcomed the move, making the stock rose as much as 8.7% to the highest intraday price since 2009.

Ballmer replace Gates as CEO of Microsoft in 2000. The two met in 1973 while studying at Harvard University and Ballmer joined Microsoft in 1980.

Steve Ballmer is Microsoft's 30th employee and first manager hired a Bill Gates. Under the leadership of Ballmer, Microsoft made a breakthrough as Windows Vista, Windows 7, and Windows 8, as well as creative Windows Phone to Kinect for Xbox.

Under Ballmer, Microsoft's revenue soared from $ 25 billion to $ 70 billion and net income rose by 215% to 23 billion dollars. According to Forbes, Ballmer is number 51 richest man in the world thanks to their shares in Microsoft, with a total wealth of around 15.2 billion dollars.

Not yet known who the replacement nominee Steve Ballmer. Bill Gates with other Microsoft executives currently searching for a replacement CEO Steve Ballmer both from internal and external environments. Some candidates who appear in them are Julie Larson-Green, which currently heads the Windows division. There was also Joe Belfiore who currently heads the Windows Phone division.

source: bbc.co.uk, Bisnis.com, Teknoup.com