Long-time Xbox head Phil Spencer is officially retiring. IGN first reported the news, but now Xbox and Spencer himself have released statements making this a done deal. President Sarah Bond has also allegedly resigned, though that is still unofficial at time of reporting.
Spencer has been at Microsoft for over 38 years, and steps down just as Xbox is about to hit its 25th anniversary. Spencer has been with the Xbox division since the launch of the original console in 2001, becoming head of Xbox in 2014 after the poor release of the Xbox One.
End of an era: Xbox’s CEO Phil Spencer is officially retiring next week
