Boston, MA 10\/11\/2013 (wallstreetpr) –\u00a0As per the source familiar with the matter, Microsoft Corporation (NASDAQ:MSFT)\u2019s board is in the process of deciding on its new successor to replace Chief Executive Officer\u00a0Steve Ballmer, by the end of the year. \u00a0In its 38 year old history, Microsoft was led by only two CEOs i.e. the co-founder\u00a0Bill Gates\u00a0and Steve Ballmer. In August, Ballmer, who has been on the board since 2000, had expressed his plans to retire within this year.<\/p>\n
As per the Bloomberg reports, the panel is filtering its choices amongst initial discussions. Some candidates, such as EBay Inc. (EBAY) CEO David Donahoe havedeclined\u00a0 to be considered.\u00a0 The panel has also sought advice from Charles Giancarlo, a former ‘Cisco’ Systems Inc.\u2019s executive and now Managing Director of Silver Lake. Among the list of candidates with whom the Microsoft board is under discussion includes AlanMulally, CEO of Ford Motor Co. (F) and Stephen Elop, CEO of former Nokia Oyi (NOK1V), are among the candidate with whom the board is under discussion.\u00a0 Stephen Elop of Nokia willjoin Microsoft after its $7.2 billion deal of Nokia\u2019s Windows deal closes. The appointment of the new CEO largely depends on the compensation and on transition time by an external candidate from the current company.<\/p>\n
Industry analysts have insisted Microsoft to\u00a0choose an external candidate\u00a0as their new CEO amid concerns that an in-house contender could follow Ballmer\u2019s way of running the company, which consistently lacked motivation. \u00a0These fears are based on the facts that under the Ballmer\u2019s leadership, efforts faltered to move forward and to emerge out of the weaknesses in mobiles or to contain losses on the projects like Bing. As the Reuters news suggests, several Microsoft investors, who are in control of 5% of the company demanded the board to\u00a0replace Gates as a chairman. They are of a view that with Gates functioning as chairman it would be futile to bring in a CEO with an innovative approach to the company\u2019s strategy and reorganization.<\/p>\n
Microsoft’s\u00a0 forthcoming shareholders meeting would be an ideal platform to declare the new CEO, if one comes on board by then<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 10\/11\/2013 (wallstreetpr) –\u00a0As per the source familiar with the matter, Microsoft Corporation (NASDAQ:MSFT)\u2019s board is in the process of deciding on its new […]<\/p>\n","protected":false},"author":6,"featured_media":9847,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[1075,1637,400,738],"stock_ticker":[],"class_list":["post-9846","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-microsoft-corporation","tag-microsoft-corporation-nasdaqmsft","tag-msft","tag-nasdaqmsft","entry"],"acf":[],"yoast_head":"\n