Microsoft has announced a major leadership transition at Xbox. Phil Spencer is retiring after 38 years. Asha Sharma will become CEO of Microsoft Gaming. More ..

In a lengthy post on her LinkedIn page, Bond wrote that she committed to staying with Xbox and guiding it through "a critical period of change" following the Activision Blizzard buyout in 2022. She went on to share her belief that the moment has been "navigated" and Xbox's gaming division is ready for "what comes next."

Sarah Bond, the president of COO and Xbox, is leaving the organization, along with CEO of Microsoft Gaming Phil Spencer. Her departure is being announced at the same time as Spencer’s, with Asha Sharma moving into the EVP and CEO of Gaming role and Matt Booty being promoted to EVP and chief content officer.

After over 20 years at Xbox, Phil Spencer, the face of the brand for more than a decade, has announced he’s retiring from the company. Sarah Bond, the president at Xbox, is also out and Asha Sharma, the president of Microsoft’s CoreAI product, is taking over as CEO of Microsoft Gaming.