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Xbox Chief Phil Spencer Retires; Asha Sharma Named New Gaming CEO Redmond, WA – February 20, 2026 – Microsoft's gaming division is undergoing a significant leadership transition as Phil Spencer, the long-serving head of
Microsoft Gaming sees a major leadership shift as Phil Spencer departs after 12 years. Asha Sharma, with a diverse background in AI, Instacart, and Meta, takes over as CEO. Her first memo outlines a commitment to "the return of Xbox" and expansion into "new categories and markets" focused on player value.
