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Microsoft’s Head of Gaming to Retire After 38 Years at Company

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Phil Spencer, Microsoft’s MSFT -0.31%decrease; red down pointing triangle executive vice president and chief executive of gaming, is set to retire from the company after 38 years, a run during which he built the company up as a videogames powerhouse only to see it lose ground in recent years.

Microsoft has promoted Asha Sharma, president of its CoreAI Product unit, to succeed Spencer as head of Microsoft Gaming, effective immediately, according to the company.

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