Microsoft's CEO Search Nearing Completion, Announcement Coming Soon
After 160 days, Microsoft (NASDAQ: MSFT) could name its new CEO very shortly, according to Re/code's Kara Swisher.
Citing sources close to Microsoft, Swisher wrote that Microsoft could name its new CEO within the next week. And it's about time given the fact that “Google changed its strategy more times yesterday than Microsoft has in all the time this search has taken.”
The only question now remains, who will become Microsoft's third ever CEO?
Investors and analysts spent months speculating who will assume top ranks at Microsoft. The front-runner, Ford's (NYSE: F) current CEO Alan Mulally was widely expected to accept the job. After months of speculating, Mulaly said he has no plans to leave the motor company. After Mulaly backing out, some analysts wrongly predicted that Ericsson's Hans Vestberg will book himself a one way flight from Sweden to Microsoft's head office in Washington State.
“Sorry for the circus, Ford! Excuse our big clompy feet, Ericsson,” said Swisher.
The current front runner, according to Swisher, is Microsoft insider Satya Nadella.
“That's due to a number of reasons, including his familiarity with the company, where he spent much of his career, as well as a strong technical background and a varied work history at Microsoft.”
Other “dark horses” include strategy head Tony Bates and former Microsoft executive turned Nokia chief turned Microsoft Executive Vice President, Stephen Elop.
According to Swisher, Microsoft executives appears to be frustrated and “expressed a need for this search to end now”.
“We aren't doing anything but waiting,” said one high-ranking executive. “No one knows what the new CEO will want, so no one knows what to do.”
"The tension is palpable — palpably painful," said Swisher. But hopefully this will all be over soon.
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