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Microsoft gaming chief Phil Spencer retires, replaced by ex-Instacart exec Asha Sharma
Asha Sharma takes helm amid Xbox's recent financial challenges and layoffs, leading nearly 40 studios and iconic franchises with a focus on innovation and player commitment.
- On Friday, Asha Sharma will become Executive Vice President and CEO of Microsoft Gaming, replacing Spencer after nearly 40 years, and she said, `Today I begin my role as CEO of Microsoft Gaming.`
- Amid declines in gaming revenue, Microsoft last year initiated succession talks after Spencer told Nadella he was thinking of stepping back.
- As part of the shake-up, Xbox president Sarah Bond will leave, Matt Booty is promoted to Executive Vice President and Chief Content Officer, and Spencer remains advisory through the summer.
- In a message to staff, Sharma wrote, `We will recommit to our core Xbox fans and players, those who have invested with us for the past 25 years, and to the developers who build the expansive universes and experiences that are embraced by players across the world.` Nadella said, `'Together, Asha and Matt have the right combination of consumer product leadership and gaming depth to push our platform innovation and content pipeline forward.'
- The change follows major strategic bets, including the $75 billion Activision Blizzard acquisition, as Spencer nearly tripled Microsoft's gaming business and led the Mojang takeover.
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111 Articles
Microsoft Veteran Phil Spencer To Retire As Gaming Unit Chief, Insider Asha Sharma To Take Over - Microsoft (NASDAQ:MSFT)
Microsoft Corp. announced that longtime Xbox chief Phil Spencer is retiring after 38 years, with Asha Sharma taking over the gaming division amid declining revenue, post-Activision Blizzard integration and mounting competitive pressure.
Meet Asha Sharma: Indian-origin executive named CEO of Microsoft Gaming
Microsoft has appointed Asha Sharma as the new CEO of its gaming division, succeeding Phil Spencer. Sharma, with a background in AI and platform leadership, aims to refocus on Xbox's core audience amidst industry challenges like slowing revenue and intense competition. This significant ...
In Xbox Reshuffling, Phil Spencer Exiting Microsoft After 38-Year Run; Asha Sharma Promoted To CEO
One of the video game sector’s biggest players is undergoing a management transition. Phil Spencer, who joined Microsoft as an intern in 1988 and has led its Xbox video game unit since 2014, is retiring. Asha Sharma will become EVP and CEO. Matt Booty will become EVP and Chief Content Officer, reporting to Sharma. Xbox […]
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