Microsoft revamps top management, four key executives leave
New York, June 18: Four top executives are leaving tech giant Microsoft, including former Clinton advisor Mark Penn and ex-director of Nokia Stephen Elop, in a leadership shuffle announced by the firm's CEO Satya Nadella, Efe news agency reported. The leadership changes constitute the biggest switch so far during Nadella's tenure at the helm of Microsoft, which will be divided into three big departments -- "Windows and devices," to be headed by Terry Myerson, "Cloud and enterprise", which will be overseen by Scott Guthrie, and "Applications and services", with Qi Lu as its chief. In an email to company employees on Wednesday to inform them of the changes in top personnel, Nadella said the larger changes in the firm's structure required Microsoft to examine its leadership and the result was that several veteran team leaders will be leaving the company. After the announcement of the changes, shares of Microsoft -- one of the 30 Dow Jones components -- fell 0.2 percent on the Nasdaq exchange.
