On Wednesday, Microsoft Corporation announced to change the company's organizational structure and leadership team. The company tweeted: "reinvent productivity and business processes, build the intelligent cloud platform, and create more personal computing."

After a transition period of the company, the former CEO of Nokia Stephen Elop will leave Microsoft Corporation, and also, as a result of shifting the internal team, Kirill Tatarinov and Eric Rudder will also leave.

Mark Penn, Chief Insights Officer, is scheduled to leave the company in September - plans on forming a private equity fund.

CEO Satya Nadella stated: "We are aligning our engineering efforts and capabilities to deliver on our strategy and, in particular, our three core ambitions," Nadell added: "This change will enable us to deliver better products and services that our customers love at a more rapid pace."

Coming up on the end of its fiscal year, Microsoft Corporation's internal reshuffling is not that surprising the changes can help the company to face a rapidly evolving software market.

The corporation's memo stated, that the changes will help the company in building a faster pace, and improving their engineering alignment.

The Microsoft Corporation has been noted in the past regarding their fractious internal units. And part of the restructure are designed to conquer the company's infamous discord.

CEO Nadella said:  "With the structural change described above, Stephen and I have agreed that now is the right time for him to retire from Microsoft," Nadella added: "I regret the loss of leadership that this represents, and look forward to seeing where his next destination will be."

In the new structure, formerly the head of the company's operating system work, Terry Myerson, will have new responsibilities. Myerson will specifically lead a brand new team called the "Windows and Devices Group" - a task combining Microsoft's Windows work and its hardware. And focus on personal computing by the Windows systems.