New Delhi, Feb. 21 -- Microsoft on Friday named Indian-origin executive Asha Sharma as the executive vice president and CEO of its gaming division, marking a milestone in the leadership front of Xbox's history.

Asha Sharma will replace long-time head Phil Spencer as he is retiring after 38 years at the software maker.

President Sarah Bond will also leave. Xbox games studios chief Matt Booty will become chief content officer, reporting to Sharma.

Asha Sharma said she would renew focus on the Xbox console, aiming to "recommit to our core Xbox fans and players."

"We will empower our studios, invest in iconic franchises, and back bold new ideas. We will take risks. We will enter new categories and markets where we can add real value, grou...