Microsoft Gaming President Sarah Bond and CEO Phil Spencer resign

LootboxPhobia · 2026-02-20T21:20:24+00:00

Microsoft announces that Xbox President Sarah Bond and Gaming Business CEO Phil Spencer are stepping down, with Asha Sharma taking over as the new CEO and Matt Booty promoted to Chief Content Officer. This change is related to a major adjustment in Microsoft's Xbox strategy, aimed at strengthening the connection between Windows and Xbox.

LootboxPhobia

2026-02-20 21:20:24

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Investing.com – Microsoft (NASDAQ:MSFT) announced on Friday that Sarah Bond, President and Chief Operating Officer of Xbox, will be leaving the company. She will be joined by Phil Spencer, CEO of Microsoft Gaming, in departing.

According to The Verge, Asha Sharma will succeed as Executive Vice President and CEO of Gaming, while Matt Booty has been promoted to Executive Vice President and Chief Content Officer.

This leadership change comes as Microsoft is making significant adjustments to its Xbox strategy. According to The Verge, the company is working to bridge the gap between Windows and Xbox, supporting products like Xbox Ally handheld devices, rather than relying solely on first-party Xbox hardware.

Microsoft is also responding to increasing pressure on its Xbox business, which has undergone large-scale layoffs, and Xbox studios have been affected.

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