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January 11, 2008
Microsoft's Jeff Raikes to Retire
By Raju Shanbhag TMCnet Contributing Editor
Microsoft (News - Alert) has announced that Jeff Raikes, a longtime senior executive who currently is in charge of Office, Windows Server, SQL Server and other key products, will retire from the company in September. Raikes will be replaced as president of Microsoft's Business Division by Stephen Elop, formerly chief operating officer at networking vendor Juniper Networks (News - Alert).
“Since 1981, I’ve had an incredible journey here at Microsoft. Given the success of our business and the depth of leadership we have in place today, the time is right for me to leave the MBD business in the capable hands of our new generation of leaders,” he said in a statement.
In September 2005, Microsoft shrank the number of its operating divisions from seven to three as part of a massive reorganization. Raikes became president of the Business Division, becoming one of a handful of potential successors to Ballmer. When Raikes was the president of that division, its annual revenue has nearly doubled to more than $16 billion.
While Raikes has served the company well and taken it on a path of profitability, the company too will make sure that Raikes is well compensated for his efforts at the time he leaves. According to a stock ownership change form that he submitted to the U.S. Securities and Exchange Commission last September, Raikes owned 5,422,313 shares of the software vendor's stock. That would be worth more than $186 million at Microsoft's current trading price.
As part of Raike’s retirement, the latter group will be moved back out of the Business Division. It will be headed by Bob Muglia, senior vice president of the Server and Tools group, who will report directly to CEO Steve Ballmer (News - Alert).
Until his retirement becomes official, Raikes will continue to be a member of Microsoft's senior leadership team.
Raju Shanbhag is a contributing editor for TMCnet. To see more of his articles, please visit his columnist page.
Don’t forget to check out TMCnet’s White Paper Library, which provides a selection of in-depth information on relevant topics affecting the IP
Communications industry. The library offers whitepapers, case studies and other documents which are free to registered users.
“Since 1981, I’ve had an incredible journey here at Microsoft. Given the success of our business and the depth of leadership we have in place today, the time is right for me to leave the MBD business in the capable hands of our new generation of leaders,” he said in a statement.
In September 2005, Microsoft shrank the number of its operating divisions from seven to three as part of a massive reorganization. Raikes became president of the Business Division, becoming one of a handful of potential successors to Ballmer. When Raikes was the president of that division, its annual revenue has nearly doubled to more than $16 billion.
While Raikes has served the company well and taken it on a path of profitability, the company too will make sure that Raikes is well compensated for his efforts at the time he leaves. According to a stock ownership change form that he submitted to the U.S. Securities and Exchange Commission last September, Raikes owned 5,422,313 shares of the software vendor's stock. That would be worth more than $186 million at Microsoft's current trading price.
As part of Raike’s retirement, the latter group will be moved back out of the Business Division. It will be headed by Bob Muglia, senior vice president of the Server and Tools group, who will report directly to CEO Steve Ballmer (News - Alert).
Until his retirement becomes official, Raikes will continue to be a member of Microsoft's senior leadership team.
Raju Shanbhag is a contributing editor for TMCnet. To see more of his articles, please visit his columnist page.
Don’t forget to check out TMCnet’s White Paper Library, which provides a selection of in-depth information on relevant topics affecting the IP
Communications industry. The library offers whitepapers, case studies and other documents which are free to registered users.
