Microsoft Chief Executive Officer Steve Ballmer today named longtime industry veteran Rick Belluzzo as president and chief operating officer, and announced that Chief Operating Officer Bob Herbold, 58, has decided to retire. Herbold will continue to serve in a part-time capacity representing the company in industry, government and customer activities. "Rick is stepping up to an even more crucial role in Microsoft's leadership team," said Ballmer. "He has the proven ability to create effective organizations, manage a diverse set of products and businesses, and make the tough decisions that will keep Microsoft moving forward on our priorities."
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