Microsoft Wants Ballmer's Replacement This Year: Report
Though it has nearly a year to find a successor for CEO Steve Ballmer, reports indicate that Microsoft wants a new CEO sooner rather than later.Microsoft CEO Steve Ballmer revealed Aug. 23 that he was stepping down from his role as CEO within 12 months. New reports indicate that Microsoft has no intention of letting Ballmer stick around that long. According to Bloomberg's Dina Bass and Peter Burrows, the Redmond, Wash.-based software giant is currently "winnowing a list of candidates" to replace Ballmer. The goal is to install a new chief executive by year's end. Off the list is eBay CEO John Donahoe, who declined to be considered, insiders told the financial news outfit. The company is also reportedly soliciting advice from Silver Lake Managing Director Charles Giancarlo, a former Cisco exec. Steve Ballmer helmed Microsoft for 13 years, taking over from the company's co-founder Bill Gates. After getting the ball rolling on a massive restructuring effort in July—part of the new "One Microsoft" strategy of more tightly aligned business units—Ballmer said that the moment had arrived for him to retire and make room for new leadership.
"There is never a perfect time for this type of transition, but now is the right time. We have embarked on a new strategy with a new organization, and we have an amazing Senior Leadership Team," said Ballmer in a statement. A committee, which includes Bill Gates and is headed by John Thompson, the board of directors' lead independent director, and executive-search firm Heidrick & Struggles, is tasked with finding the new CEO.