Phil Spencer has officially retired from Microsoft, ending a 38-year career that included 12 years leading Xbox through an incredibly transformative period; overseeing the acquisitions of Mojang, ZeniMax and Activision Blizzard. Asha Sharma has been appointed CEO of Microsoft Gaming, with Matt Booty elevated to Chief Content Officer. Xbox President Sarah Bond, long considered Spencer’s heir apparent, has also resigned - her departure buried several paragraphs into Spencer’s own statement and notably unmentioned by anyone else at Microsoft. End of an era.