A Major Xbox Shakeup just Happened

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In a major February 2026 shakeup, Microsoft Gaming CEO Phil Spencer is retiring, and Xbox President Sarah Bond is leaving the company. Spencer will remain in an advisory role through the summer. Former CoreAI executive Asha Sharma is taking over as the new CEO of Gaming, with Matt Booty promoted to Chief Content Officer.

Phil Spencer (CEO, Microsoft Gaming): Retiring after a 38-year career at Microsoft, with his departure announced for late February 2026.

Sarah Bond (President, Xbox): Resigned from her role to start a new chapter.
Succession: Asha Sharma, formerly of Microsoft's CoreAI division, has been named the new CEO of Gaming.

Leadership Changes: Matt Booty has been elevated to EVP and Chief Content Officer.

Spencer has been leading Xbox since 2014, overseeing the acquisitions of ZeniMax and Activision Blizzard.

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