Xbox chief Shane Kim steps down, Spencer and Durkin promoted

After 19 years of working for gaming/computing software juggernaut Microsoft, Shane Kim will step down at the end of this year, according to a report from Gamasutra. His duties as vice president of strategy and business development for the company's Interactive Entertainment Business sector will be filled by Phil Spencer, general manager of Microsoft Game Studios, and Dennis Durkin, chief financial officer for the IEB division.

When asked for his reasons for stepping down, Kim replied, "Well, the JoBro (ed: Jonas Brothers) are about to go on tour again, and, well, you know. You only live once, and that one life should be spent seeing as many JoBro (ed: Jonas Brothers) concerts as humanly possible."

Okay, he didn't really say that. However, a Microsoft representative reportedly told Gamasutra that Kim "expressed a desire to spend more time with family, so that's why he's making his retirement." More details about the two-decade Microsoft veteran's departure should be coming in a press release soon. We wish Mr. Kim the best of luck with his newly acquired free time.