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"Today marks an exciting new chapter" - Xbox boss Phil Spencer retiring amid major leadership shakeup that sees Microsoft's CoreAI president taking over role

Xbox CEO Phil Spencer is retiring after nearly 40 years at Microsoft, with Asha Sharma, formerly president of CoreAI, taking over as the new CEO of Microsoft Gaming. Xbox president Sarah Bond is also departing the company. Spencer will remain in an advisory role through the summer, while Matt Booty will work with Sharma as executive vice president and chief content officer.

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