Read Xbox chief Phil Spencer’s memo about leaving Microsoft
Published: (February 20, 2026 at 03:30 PM EST)
1 min read
Source: The Verge
Source: The Verge
Announcement
Xbox chief Phil Spencer has announced in an internal memo that he is leaving Microsoft after 38 years. The memo, titled “A new chapter for Microsoft Gaming,” explains that he decided to retire from Microsoft last fall.
Spencer also disclosed that Xbox president Sarah Bond is departing Microsoft, prompting a major management shift at Xbox. Asha Sharma, currently president of Core AI product at Microsoft, will assume the role of Microsoft Gaming CEO and will report directly to Microsoft CEO Satya Nadella.
Full memo excerpt
When I walked through Microsoft’s doors as an intern in …
(The complete memo can be read in the original source.)