SENIOR MICROSOFT EXECUTIVE Satya Nadella reportedly will replace the departing Steve Ballmer as CEO, reports citing sources familiar with the decision have established.
Bloomberg reported that Microsoft's board will name Nadella, who is curretly head of the firm's enterprise and cloud division, as Ballmer's replacement sooner rather than later. The announcement is expected within a week.
In addition to the selection of Nadella as CEO, reports have claimed that Bill Gates might retire as Microsoft's chairman. Gates, who co-founded the business in 1975, could still play an active role in the company, if the board and the new CEO want, sources said, naming the Redmond firm's lead independent director John Thompson as his replacement.
The company's executive changes come at an important time when Microsoft is facing a declining PC market and juggling tough competition from the PS4 on the games console front and against the recently acquired Nokia brand in the smartphone arena.
Last August, Ballmer announced that he would retire from the company "within the next 12 months".
He sent his last letter to shareholders as Microsoft CEO in October, saying that he was optimistic about the future and adding that Microsoft is just beginning a period of transformation.
"This is a unique letter for me - the last shareholder letter I will write as the CEO of the company I love. We have always believed that technology will unleash human potential and that is why I have come to work every day with a heart full of passion for more than 30 years," the letter read. µ
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Spoiler alert: it's probably VeriSign
Did we say cuts off? We meant traps them inside their own home