Xbox boss Phil Spencer is retiring, and his replacement is an AI executive who joined Microsoft in 2024

We sometimes say “it’s the end of an era” to mark a notable occasion of one sort or another, and sometimes it’s warranted and sometimes, not so much. In this case, though, it really is the end of an era: A Variety report says that after nearly 40 years at the company, Microsoft Gaming CEO Phil Spencer is retiring.

“When I walked through Microsoft’s doors as an intern in June of 1988, I could never have imagined the products I’d help build, the players and customers we’d serve, or the extraordinary teams I’d be lucky enough to join,” Spencer wrote in a memo sent to employees. “It’s been an epic ride and truly the privilege of a lifetime.”