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Microsoft Gaming CEO Phil Spencer is retiring from the company and Xbox president Sarah Bond is leaving in a massive shakeup for the gaming giant.
Spencer had been with Microsoft since 1988, starting as an intern and rising through the ranks to become the overall head of gaming within Microsoft. IGN was first to report the news.
Shortly after it was made public, Spencer himself announced it via a post on Twitter, saying, “It’s rare in life to know when a chapter is closing, but after 38 years at Microsoft, that moment has arrived for me. I’ve made the decision to retire and begin the next chapter of my life. It’s a milestone that’s given me a chance to reflect on the incredible journey I’ve been fortunate enough to share with so many of you.”
Spencer will officially retire from Microsoft on Monday, February 23. Xbox president Sarah Bond is resigning from the company. She is also on the Tyson Foods board and gets $125,000 a year for that job, and many thousands of dollars more in stock. It appears that as recently as earlier today, Bond was still sharing content related to Xbox on LinkedIn.
Microsoft Gaming’s new CEO will be Asha Sharma,
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