The lights are on
Update: New reports suggest that Microsoft will be meeting soon to make a final determination on new leadership. Recode is reporting that the board of directors will be meeting this weekend (though not during the Super Bowl, in which the Seattle Seahawks are playing).
An announcement is then expected to come next week. As we reported last night in our original writeup, executive vice president Satya Nadella appears to be the frontrunner.
Bloomberg is reporting that the tech giant and console manufacturer will be naming Satya Nadella to replace retiring CEO Steve Ballmer.
In the report, Bloomberg says that a source within Microsoft says that Nadella has been viewed as one of the strongest candidates for the job. Nadella is currently the executive vice president of Microsoft's Cloud and Enterprise Groups. He was previously head of R&D of the company's online division and worked at Sun Microsystems prior to Microsoft.
It's also being reported that company founder Bill Gates may step down from his role as chairman of the board, a spot that will likely be taken by Microsoft lead independent director John Thompson.
[Source: Bloomberg/photo courtesy of Bloomberg]
Our Take:I don't know much about Nadella, but he obviously has a long history within the company and the tech industry. One thing that's a positive note is that Nadella's roots are in product development, a contrast from Steve Ballmer, who came from the sales department. Also, if it's true that Bill Gates is stepping down as chairman of the board, that will be the true end of an era at Microsoft. It will be interesting to see how these changes affect the company's Xbox strategy.