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Submission + - Ballmer to retire within a year

Barence writes: Microsoft CEO Steve Ballmer will retire within a year, the company has announced. The 57-year-old will step aside as soon as a successor can be found, which will be within the next 12 months.

"There is never a perfect time for this type of transition, but now is the right time," Ballmer said in a statement. "We have embarked on a new strategy with a new organisation 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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