Microsoft Gaming CEO Phil Spencer has announced that he is retiring from the format holder after 38 years as part of a major shakeup at the company that has also seen the departure of Xbox President, Sarah Bond.

Speaking in a post on X, Spencer said that he’s now ready to begin the next chapter of his life, and revealed that former President of CoreAI at Microsoft, Asha Sharma, is going to be taking over his role.

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.

I’m excited for@asha_shar as she steps into the CEO role. She’s joining an incredible group of people; teams full of talent, heart, and a deep commitment to the players they serve. Watching her lean in with curiosity and a real desire to strengthen the foundation we’ve built gives me confidence that our Xbox communities will be well supported in the years ahead.

Thinking back to my start as an intern in 1988, I never could have imagined the path ahead. I’ve been lucky to work with so many passionate creators, partners, colleagues, and players across the industry; people who challenged me, taught me, and made this work full of joy and wonder.

Spencer was promoted to CEO of Microsoft Gaming in January 2022, and during the last few years oversaw a number of major developments at the Xbox manufacturer, including the acquisition of Activision Blizzard, as well as Microsoft’s pivot to publishing first-party games in PlayStation and Nintendo hardware.

[Source – Phil Spencer on X]

The post Phil Spencer Announces Retirement From Microsoft After 38 Years: ‘I’ve Made The Decision To Retire And Begin The Next Chapter Of My Life’ appeared first on PlayStation Universe.