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  Microsoft CEO Steve Ballmer to retire within 12 months
Time: 08:50 EST/13:50 GMT | News Source: Microsoft Press Release | Posted By: Robert Stein

“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.”

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