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Another top exec out at Microsoft

First Bill Gates, now Jeff Raikes.

Microsoft Corp. just announced one of its longest-serving executives, Jeff Raikes, is retiring.raikes.jpg

Raikes, 49, joined Microsoft in 1981 - six years after the company’s founding - and has long been one of the most visible top guys at the world’s biggest software company. He currently serves as president of Microsoft’s business division, but in the past helped run Microsoft’s Office division, its worldwide sales and other operations.

Along with president Steve Ballmer, Raikes is a trusted lieutenant to founder Gates, who himself is planning to leave the daily operations of Microsoft later this year. Microsoft said it has hired Stephen Elop, formerly chief operating officer at Juniper Networks Inc.

Read Microsoft’s announcement here.

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