Phil Spencer, the Xbox chief and CEO of Microsoft Gaming, is retiring after nearly 40 years with Microsoft, joined by Xbox president Sarah Bond in departing the company. Microsoft CEO Satya Nadella announced Spencer’s retirement on February 20, 2026, acknowledging his significant contributions, including 12 years leading Gaming. As Phil Spencer leans into retirement, Asha Sharma, CoreAI president, will succeed him as Microsoft Gaming CEO. Matt Booty will assume the role of EVP and chief content officer. Amid changes, Microsoft is aligning Windows and Xbox closer to optimize devices like the Xbox Ally handheld, alongside navigating market pressures and structural adjustments within Xbox.
Leadership Changes: Phil Spencer and Sarah Bond Depart from Microsoft
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