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$M said Terry Lundgren, CEO since 2003 and Chairman since 2004, will transition position of CEO to Jeff Gennette in 1Q17. The transition is part of BoD's succession plan that included Gennette's election as President of $M in 2014. Beyond 1Q17, Lundgren will continue as Executive Chairman and work side-by-side with Gennette as President and CEO.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.