This comes after the Nokia Smartphone Division acquisition.
For over two years, Nokia has produced a series of flagship Windows Phone devices, including the recent Lumia 1020 and Lumia 928. Nokia CEO Stephen Elopwill join Microsoft and lead an "expanded devices team." Julie Larson-Green -- Microsoft's current overseer for Devices and Studio Engineering, which encompasses all hardware, including Xbox -- will continue to lead the division until the acquisition is completed, after which she will join Elop's new team. Elop will lead the new division, including Xbox, at that time.
Elop was also rumored to be a candidate for the New Microsoft CEO position.
He was EX Microsoft as the head of the Business Division, Microsoft Office/Microsoft Dynamics