Microsoft (MSFT) names Asha Sharma as gaming CEO as Phil Spencer retires

Microsoft Corp. (MSFT) announced Feb. 20, 2026, that Gaming Head Phil Spencer is retiring after 38 years. Asha Sharma, a company insider and former Meta executive, was appointed CEO of the gaming division, reporting to Satya Nadella. The leadership change follows a 9.5% decline in gaming revenue reported in January 2026 and tariff-induced cost pressures. Sharma stated she will refocus on the Xbox console. Additionally, Xbox President Sarah Bond is leaving the company, while Matt Booty was promoted to executive vice president and chief content officer.