Microsoft Board Planning To Hire New CEO Before End Of This Year

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Microsoft’s board has officially appointed a committee to select the successor to Chief Executive Officer Steve Ballmer. According to the report from Bloomberg, Microsoft’s board is working toward selecting the successor by the end of this year.

Also the board is narrowing its CEO choices after preliminary interviews. It also reports that some candidates like EBay CEO John Donahoe have declined to be considered for the post said two people.

The board has also solicited advice from Silicon Valley veterans such as Charles Giancarlo, a former Cisco Systems Inc. executive and now a managing director at private-equity firm Silver Lake, said other people with knowledge of the matter.

Board members have already spoken with candidates such as Ford Motor Co. (F) CEO Alan Mulally; former Nokia Oyj (NOK1V) CEO Stephen Elop, who will join Microsoft when its $7.2 billion acquisition of Nokia’s handset unit closes; former Microsoft No. 3 executive Paul Maritz, who is now CEO of cloud venture Pivotal; and Microsoft business development and evangelism chief Tony Bates, said the people.

The timing of when the new CEO will be appointed depends on so many other different factors. We should wait for few more months to know who will lead Microsoft’s transition to Devices and Services company.

Source: Bloomberg

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