Commenting on his departure, Ballmer noted that there's never a perfect time for a resignation, but he feels that right now is the right time for him. His original timeline would have had him retiring in the middle of Microsoft's transformation to a devices and services company, but he realizes that the company needs a CEO that will be there for the long term.
A special committee has been appointed to find a replacement and that committee includes the board's lead independent director John Thompson, Chairman of the Audit Committee Chuck Noski, Chairman of the Compensation Committee Steve Luczo, and of course, Chairmain of the Board Bill Gates. I hear Scott Forstall is available.
Read the full press release below for more details and comments.