CEO of U.S. software giant Microsoft, Steve Ballmer, will “step down” within a year, the group said Friday, Aug. 23 in a statement.
remain at the helm of the group during the process of finding its successor, the statement said.
action jumped from 8% to $ 35.02 in electronic trading before the opening of the formal meeting in New York, following the announcement.
“There never was perfect for this type of transition time, but the time has come,” said Steve Ballmer.
“We have adopted a new strategy with a new organization and we have an amazing management team” and while Microsoft “turns into business equipment (electronics) and services we need someone who will be there for the long term lead in this direction, “he added.
strategic error on mobile devices
The Board of Directors has appointed a special committee to lead the search for a new CEO. It includes the Chairman of the Board and co-founder of Microsoft Bill Gates.
Microsoft, the world leader in software founded in 1975, missed the turning sector to mobile devices and just to catch up. His tablet surface and has struggled to find its audience and has recently committed to lower its prices, which resulted in heavy impairment charges. It also suffers greatly decline of PC and its impact on the sales of its Windows operating system.
(with AFP)
