Redmond, Wash. – Microsoft CEO Steve Ballmer today announced that he would step down within the next 12 months.
Ballmer, who took over as CEO for Microsoft founder Bill Gates in 2000, did not give an exact reason for his decision.
“There is never a perfect time for this type of transition, but now is the right time,” Ballmer said.
Microsoft’s board of directors has appointed a committee to find a replacement; Gates will participate in the search, the company said.
