Microsoft names AI exec Asha Sharma to lead Xbox, Spencer retires

Microsoft Corp. (MSFT) appointed Asha Sharma as CEO of gaming on Feb. 20, 2026, succeeding the retiring Phil Spencer. The leadership change signals a renewed focus on core console users after a lagging mobile strategy. Sharma, formerly of Instacart and Meta Platforms Inc. (META), assumes the role immediately. Xbox President Sarah Bond is departing, while Matt Booty transitions to chief content officer. CEO Satya Nadella emphasized Sharma's consumer background in the announcement.