Microsoft expects to name new chief early in 2014

Dec 17, 2013
A tablet is seen at the "Microsoft Berlin" venue on November 5, 2013 in Berlin

Microsoft on Tuesday said the hunt for a new chief executive to lead the aging technology titan in the mobile Internet age should be over by early 2014.

"We identified over 100 possible candidates talked with several dozen and then focused our energy intensely on a group of about 20 individuals," Microsoft board member John Thompson said in an update posted online.

"As you would expect, this group has narrowed," he continued. "We're moving ahead well, and I expect we'll complete our work in the early part of 2014."

Outgoing Microsoft Steve Ballmer last month said the computer giant had to reinvent itself as the company struggles to keep up in the mobile devices sector.

"Unless you're constantly inventing something new, you're old and tired," Ballmer said at a conference in Rome. "Today we're having to remake ourselves."

Ballmer was a classmate and friend of Bill Gates from their days at Harvard University in the 1970s.

He took over from Gates in 2000 but earlier this year said he will step down by August 2014.

When Ballmer took over, Microsoft was the undisputed tech sector leader, and the world's largest company in . But in recent years it has struggled as consumers began to move from desktop and laptop PCs to .

"Microsoft has had only two CEOs in its 38-year history," Thompson said.

"We are determined and confident that the company's third CEO will lead Microsoft to renewed and continued success."

Explore further: Microsoft needs to 'start up again': CEO

add to favorites email to friend print save as pdf

Related Stories

Microsoft needs to 'start up again': CEO

Nov 05, 2013

Microsoft chief executive Steve Ballmer on Tuesday said the computer giant had to reinvent itself to avoid being "old and tired" as his company struggles to keep up in the mobile devices sector.

Microsoft plans Sept. 23 tablet computer event

Sep 09, 2013

Microsoft on Monday sent out invitations to a September 23 event at which it is expected to unveil new Surface tablets to challenge iPads and Android devices dominating the market.

Ballmer gets less than 'A' grade in compensation

Oct 04, 2013

Microsoft CEO Steve Ballmer was awarded 79 percent of his target bonus for the year through June as the software giant cited falling profits for its Windows division and sluggish sales of the Surface tablet.

Microsoft slumps after Mulally repeats 'no change'

Dec 05, 2013

Microsoft shares fell 3 percent Thursday after Ford CEO Alan Mulally said that there is "no change in my plan" to stay with the automaker through the end of next year, dampening some investors' hopes he would take the top ...

Recommended for you

Weibo IPO below expectations, raises $285.6 mn

6 hours ago

Sina Weibo sold fewer shares than expected in its US IPO which was priced below expectations ahead of a Thursday listing that takes place after tech selloffs on Wall Street.

'Chief Yahoo' David Filo returns to board

7 hours ago

Yahoo announced the nomination of three new board members, including company co-founder David Filo, who earned the nickname and formal job title of "Chief Yahoo."

Fired Yahoo exec gets $58M for 15 months of work

7 hours ago

Yahoo's recently fired chief operating officer, Henrique de Castro, left the Internet company with a severance package of $58 million even though he lasted just 15 months on the job.

IBM posts lower 1Q earnings amid hardware slump (Update)

17 hours ago

IBM's first-quarter earnings fell and revenue came in below Wall Street's expectations amid an ongoing decline in its hardware business, one that was exacerbated by weaker demand in China and emerging markets.

User comments : 0

More news stories

Net neutrality balancing act

Researchers in Italy, writing in the International Journal of Technology, Policy and Management have demonstrated that net neutrality benefits content creator and consumers without compromising provider innovation nor pr ...

Cosmologists weigh cosmic filaments and voids

(Phys.org) —Cosmologists have established that much of the stuff of the universe is made of dark matter, a mysterious, invisible substance that can't be directly detected but which exerts a gravitational ...

Bionic ankle 'emulates nature'

These days, Hugh Herr, an associate professor of media arts and sciences at MIT, gets about 100 emails daily from people across the world interested in his bionic limbs.