Free Trial

Microsoft's chief product exec to step down. Panos Panay was behind Surface devices and Windows 11

Microsoft's Chief Product Officer Panos Panay holds a Surface Duo, left, and Surface Neo at an event, Wednesday, Oct. 2, 2019, in New York. Panos Panay is stepping down after nearly 20 years at Microsoft, according to a staff memo Monday, Sept. 18, 2023. (AP Photo/Mark Lennihan, File)

REDMOND, Wash. (AP) — A top product executive at Microsoft who launched its Surface line of computers and Windows 11 is leaving the company.

Panos Panay is stepping down after nearly two decades at Microsoft, most recently as chief product officer, according to a staff memo Monday.

“Under Panos’ leadership, the team created the iconic Surface brand with loved products,” said the message to employees from Rajesh Jha, executive vice president of Microsoft's experiences and devices group.

Another longtime executive, Yusuf Mehdi, who is currently chief marketing officer for consumer products, will take lead on the Windows and Surface businesses and products, Jha said. The note said Panay would be helping with the transition.

“After 19 incredible years at Microsoft, I've decided to turn the page and write the next chapter,” said a social media post from Panay on X, formerly Twitter. He didn't say what his next undertaking would be.

The first Surface device, a tablet computer, was unveiled in 2012 in a market dominated by Apple's iPad. It was unusual for software-focused Microsoft, which makes money from other computer manufacturers running its Windows operating system, to start designing and selling its own line of high-end computers. Surface devices make up just a small fraction of the personal computer market.

Where should you invest $1,000 right now?

Before you make your next trade, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.

Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.

They believe these five stocks are the five best companies for investors to buy now...

See The Five Stocks Here

The 10 Best AI Stocks to Own in 2024 Cover

Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 No-Brainer Stock Picks For The Long-Haul
Racing to the Skies: Joby Aviation’s Air Taxi Future
September Sell-Off: Market Panic or Opportunity?

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines