Can Hans Vestberg Be The Next CEO For Microsoft Corporation (NASDAQ:MSFT)?

Posted by George Brook January 16, 2014 0 Comment 1754 views

Microsoft Corporation (NASDAQ:MSFT)’s board is mulling over making Ericsson AB Chief Executive Officer Hans Vestberg as Steve Ballmer’s replacement if rumors are to be believed. In October ’13, Steve Ballmer had that he would retire before August’14. And the company would have a new CEO.

Microsoft’s lead independent director John Thompson, who is in charge of the search, posted a blog entry stating that the board is looking forward to come to a close with the search in early part of the year. He said that the search, which had kicked off with more than a 100 names in consideration, has now boiled down to a 20 potential candidates and it consists of 3 internal candidates from within the organization.

Potential candidates

Vestberg, 48, is one of the preferred names among the potential candidates for the role of CEO although the company’s board hasn’t yet reached a decision in finalizing one name for the post.

When a spokesman for Stockholm based Ericsson, Ola Rembe, was questioned in this context, upon Vestberg’s standing, he said that they do comment on speculation. On the other side of the page, Microsoft Corporation (NASDAQ:MSFT)’s spokesman, Peter Wotton also declined to comment on the issue.

Candidates’ thinking

According to some who are familiar with the candidates’ point of view there is a chance that the new CEO might not enjoy full independence in the role. This is because the Redmond, Washington based company’s co-founder Bill Gates, together with Ballmer hold about 8% of the stock of Microsoft Corporation (NASDAQ:MSFT) and are also on board.

About George Brook

George Brook covers money and politics for GDP Insider. George is a veteran journalist who has also covered Congress, national political conventions and presidential politics. George also covers the White House as well as economic and domestic policy for GDP insider. George's reporting has won numerous awards, including two Scripps Howard awards, two National Headliners, two Gerald Loeb Awards, as well as honors from Sigma Delta Chi and the National Press Club.

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