Xbox chief Phil Spencer is leaving Microsoft

Xbox chief Phil Spencer is leaving Microsoft after nearly 40 years at the software giant. Xbox president Sarah Bond is also leaving Microsoft, in what is a major shakeup to the management of Xbox and Microsoft's gaming efforts. Asha Sharma, currently president of CoreAI product, is taking over as CEO of Microsoft Gaming.

Microsoft CEO Satya Nadella announced Phil Spencer's retirement in a memo to all Microsoft employees today. "Last year, Phil Spencer made the decision to retire from the company, and since then we've been talking about succession planning," says Nadella. "I want to thank Phil for his extraordinary leadership and partnershi …

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