Xbox shakeup: Phil Spencer and Sarah Bond are leaving Microsoft

Published: (February 23, 2026 at 10:10 AM EST)
1 min read
Source: The Verge

Source: The Verge

After nearly 40 years at Microsoft, Xbox chief and Microsoft Gaming CEO Phil Spencer is leaving the company, along with Xbox president Sarah Bond. Spencer’s retirement was announced in a memo from Microsoft CEO Satya Nadella on February 20, stating:

“Last year, Phil Spencer made the decision to retire from the company, and since then we’ve been talking about succession planning.”

Tom Warren provides additional details on how the transition unfolded and why the news arrived when it did.

Leadership changes

  • Phil Spencer – stepping down as Microsoft Gaming CEO.
  • Sarah Bond – stepping down as Xbox president.
  • Asha Sharma – Microsoft’s Core AI president, moving into Spencer’s former role as Microsoft Gaming CEO.
  • Matt Booty – promoted to EVP and chief content officer.

Key memos and announcements

These memos provide insight into the leadership transition and outline the company’s plans for the Xbox platform moving forward.

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