Steve Balmer Retiring Within 12 Months

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For years many tech pundits have been calling for Steve Balmer to step down and lay a way for the next generation of Microsoft to begin. Finally, those who wanted Balmer out can give a sigh of relief as he is set to leave within the next year.  

Microsoft Corp. today announced that Chief Executive Officer Steve Ballmer has decided to retire as CEO within the next 12 months, upon the completion of a process to choose his successor. In the meantime, Ballmer will continue as CEO and will lead Microsoft through the next steps of its transformation to a devices and services company that empowers people for the activities they value most.

 -Microsoft Press Release

The question remains, is it too late to turn the ship around? Microsoft has been having many PR issues over the past year, from the Xbox One reversal, to other problems. Namely, the lack of Windows Phone development. My personal belief is that Microsoft shot itself in the foot by not being able to get some vital apps to it's mobile OS over the past few years. 

Windows Phone 8 has not shown the increase in growth they hoped to get. My belief, as small as it seems, is that this happened because the lack of Instagram and a few other select apps. Many people I know refused to by the Windows Phone 8 devices solely because of that. 

People pointed fingers at CEO Steve Balmer for these problems. But it won't matter that he is on his way out. They've ventured too fair down the rabbit hole. Windows Phone 8, as unique and usable as it is, will likely fade. You can only hope that the next CEO at the helm of Microsoft will do some radical changes.

Full Press Release: 

Microsoft Corp. today announced that Chief Executive Officer Steve Ballmer has decided to retire as CEO within the next 12 months, upon the completion of a process to choose his successor. In the meantime, Ballmer will continue as CEO and will lead Microsoft through the next steps of its transformation to a devices and services company that empowers people for the activities they value most.
"There is never a perfect time for this type of transition, but now is the right time," Ballmer said. "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."
The Board of Directors has appointed a special committee to direct the process. This committee is chaired by John Thompson, the board's lead independent director, and includes Chairman of the Board Bill Gates, Chairman of the Audit Committee Chuck Noski and Chairman of the Compensation Committee Steve Luczo. The special committee is working with Heidrick & Struggles International Inc., a leading executive recruiting firm, and will consider both external and internal candidates.
"The board is committed to the effective transformation of Microsoft to a successful devices and services company," Thompson said. "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."