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Microsoft's Maritz leaves
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September 14, 2000: 2:06 p.m. ET
Vice president's retirement comes after taking top .NET developer title
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NEW YORK (CNNfn) - Another top executive at Microsoft Corp. announced his departure from the embattled software company.
After 14 years with the company, Paul Maritz, group vice president of Microsoft's Platforms Strategy and Developer Group, said late Wednesday he will retire for personal reasons. Maritz will continue to work with the Redmond, Wash.-based company as a consultant.
While no immediate successor to Maritz has been named, Microsoft said Sanjay Parthasarathy has been tapped to take a position in new developer evangelism and business development.
 Maritz's departure comes less than six months after he was named chief of Microsoft's developer group, which is responsible for spearheading the company's new Internet .NET project.
"During Paul's 14 years with Microsoft, he has played a key role in virtually every major initiative, from the evolution of Windows and Office to the .NET strategy," said chief architect Bill Gates.
Microsoft has seen several defections from its executive ranks during the past year, including the loss of Nathan Myhrvold, former chief technology officer, who left in May.
Additional defectors include former chief financial officer Greg Maffei, who left in December, Internet head Pete Higgins and application senior vice president Brad Silverberg. Another former senior vice president, Peter Neupert, left Microsoft's interactive media unit to take the top post at Drugstore.com.
In an interview earlier this year, Maritz spoke about his outlook on the future of the Internet and its untapped potential.
"It's about the next generation of the Internet," Maritz said. "No matter how far it may seem we've come in 24 years, we are only at the beginning. We have now seen two generations of the Internet."
"The Internet's third generation is on its way. The drivers will be business-to-business communication, minimizing the total cost of ownership, and making it much easier for all customers to build a robust business presence online," Maritz said.
In Thursday afternoon trading, shares of Microsoft (MSFT: Research, Estimates) fell $1.56 to $66.69. 
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