Outgoing Xbox President Sarah Bond issues a formal statement following the confirmation that she will be departing from Microsoft.

Phil Spencer and Sarah Bond are out.

As the dust settles on Microsoft's dramatic changes at the top of its gaming team, fans are digesting the shock resignation of Xbox President Sarah Bond, after nearly a decade working on the console brand.

Microsoft has announced a major leadership transition at Xbox. Phil Spencer is retiring after 38 years. Asha Sharma will become CEO of Microsoft Gaming. More ..

After over 20 years at Xbox, Phil Spencer, the face of the brand for more than a decade, has announced he’s retiring from the company. Sarah Bond, the president at Xbox, is also out and Asha Sharma, the president of Microsoft’s CoreAI product, is taking over as CEO of Microsoft Gaming.

In a lengthy post on her LinkedIn page, Bond wrote that she committed to staying with Xbox and guiding it through "a critical period of change" following the Activision Blizzard buyout in 2022. She went on to share her belief that the moment has been "navigated" and Xbox's gaming division is ready for "what comes next."

Sarah Bond, the president of COO and Xbox, is leaving the organization, along with CEO of Microsoft Gaming Phil Spencer. Her departure is being announced at the same time as Spencer’s, with Asha Sharma moving into the EVP and CEO of Gaming role and Matt Booty being promoted to EVP and chief content officer.

Microsoft appoints AI executive Asha Sharma to lead Xbox amid revenue declines and gamer concerns over AI's role in future development..