Microsoft has just announced that CEO Steve Ballmer will retire within the next 12 months. He will step down from his post as soon as the process of choosing his successor has been completed. Ballmer has written an open email to the Microsoft team explaining the decision and the strategy for "moving forward."
He had this to say in the official Microsoft press release:
"We have embarked on a new strategy with a new organization and we have an amazing Senior Leadership Team. 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. We need a CEO who will be here longer term for this new direction."