Microsoft is looking for a new CEO.
Steve Ballmer who took over from Bill Gates in January 2000, says he will retire as CEO within the next 12 months.
Ballmer says Microsoft has embarked on a new strategy and has an amazing senior leadership team.
He says the company needs a CEO for the long term, who will steer it in a new direction.
A special committee, chaired by Bill Gates and Microsoft’s board, will be set up to select the new CEO.
Microsoft says both internal and external candidates will be considered.