Xbox shakeup: Phil Spencer and Sarah Bond are leaving Microsoft

Phil Spencer, chief executive officer of gaming at Microsoft Corp., during an interview in New York, US, on Tuesday, Nov. 12th, 2024. | Victor J. Blue/Bloomberg via Getty Images

After nearly 40 years at Microsoft, Xbox chief and Microsoft Gaming CEO Phil Spencer is leaving the company, along with Xbox president Sarah Bond. Spencer’s retirement was announced in a memo from Microsoft CEO Satya Nadella on February 20th, stating, “Last year, Phil Spencer made the decision to retire from the company, and since then we’ve been talking about succession planning.” 

Last summer, Microsoft responded to rumors of Spencer’s retirement, saying at the time that he was “not retiring anytime soon.” Microsoft’s CoreAI president, Asha Sharma, will be moving into Spencer’s former role as Microsoft Gaming CEO, while Matt Booty is being promoted to EVP and chief content officer. 

Follow along here for the latest updates on Microsoft’s Xbox leadership changes…

• Read Microsoft gaming CEO Asha Sharma’s first memo on the future of Xbox
• Read Xbox chief Phil Spencer’s memo about leaving Microsoft
• Sarah Bond is leaving Xbox