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August 24, 2013

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Ballmer to retire

Microsoft Corp said yesterday that CEO Steve Ballmer, 57, will retire within the next 12 months, once it has selected a successor. The company said its board has appointed a special committee to direct the process of appointing a new CEO. The committee is chaired by John Thompson, the board’s lead independent director, and includes Microsoft founder and Chairman Bill Gates. It will consider both external and internal candidates.




 

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