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Nokia CEO Stephen Elop: When Elop moved from president of the Microsoft Business Division in 2010 to join Nokia as CEO, some joked he might be a Trojan horse. The speculation -- some idle, some serious -- was that Elop went to Nokia at Ballmer's and the board's behest to turn Nokia into Microsoft's new Windows Phone headquarters. Former Windows Chief Steven Sinofsky: The former Windows president left Microsoft suddenly in November 2012 -- many believe not of his own volition, in spite of public statements to the contrary. Sinofsky recently announced he'd be joining Andreesen Horowitz as a board partner. Sinofsky still has fans inside the company, but I seriously doubt he'll be making a Steve Jobs' style comeback to run the whole shebang.

"There is never a perfect time for this type of transition, but now is the right time," Ballmer said in a statement, "We have embarked on a new strategy with a new organization and we have an amazing Senior Leadership Team, My original thoughts ted baker iphone xs mirror folio case - shannon black reviews on timing would have had my retirement happen in the middle of our company's transformation to a devices and services company, We need a CEO who will be here longer term for this new direction."Ballmer had more to say in an internal e-mail sent to Microsoft employees..

Microsoft's board has set up a committee to pick the company's next CEO. Comprised of board chairman and former CEO Bill Gates and other members of the board, the committee is working with an executive recruiting firm and said it will look at both internal and external candidates to fill the role. "The board is committed to the effective transformation of Microsoft to a successful devices and services company," committee chairman John Thompson said in a statement. "As this work continues, we are focused on selecting a new CEO to work with the company's senior leadership team to chart the company's course and execute on it in a highly competitive industry."Following the announcement, shares of Microsoft jumped more than 8 percent in premarket trading and is up about 7 percent since the market open.

Ballmer took over as CEO of Microsoft in January 2000 following Gates' decision to ted baker iphone xs mirror folio case - shannon black reviews step down, Gates has remained in the picture as chaiman of the board but has focused most of his time and resources in recent years on his charitable foundation, The news of Ballmer's impending exit comes as Microsoft continues to face significant competitive challenges, especially in the mobile arena, Ballmer himself has been criticized for failing to keep up with the likes of Apple and Android in the mobile world..

In October of 2011, Microsoft's board sent the CEO a signal by capping the bonus he received on top of his base salary. Although the board lauded Ballmer for the launch of the Xbox Kinect and Office 365, it dinged him for lower than expected initial sales of Windows Phone 7 and a 2 percent drop in sales for the Windows and Windows Live Division. The demand for smartphones and tablets has taken a huge bite out of the PC market, another trend that's hurt Microsoft in recent years. Windows 8 was launched last year in hopes of bridging the gap between computers and mobile devices and also pumping up PC sales. But Microsoft's latest OS has received a mixed reaction at best and has failed to revive the moribund PC industry.