Microsoft Chief Executive Officer Satya Nadella smiles during his conversation about his latest book "Hit Refresh" during an event in New Delhi, India, November 7, 2017. REUTERS/Saumya Khandelwal
June 16 (Reuters) – Microsoft Corp (MSFT.O) on Wednesday named Chief Executive Officer Satya Nadella as its new chairman, in place of John Thompson.
Nadella, who took over as CEO in 2014 from Steve Ballmer, has been instrumental in scaling up its business including billion-dollar acquisitions like LinkedIn, Nuance Communications and ZeniMax.
The company said Thompson, who took over as chairman from the software giant’s co-founder Bill Gates in 2014, will serve as lead independent director.
The top-level executive change comes just over a year after Gates stepped down from the board, saying he would focus on philanthropic works of the Bill and Melinda Gates Foundation, one of the world’s biggest charities.
The company had last month said it conducted a probe into Gates’ involvement with an employee almost 20 years ago after it was told in 2019 that he had tried to start a romantic relationship with the person.
Microsoft had declined to comment on whether its board had decided Gates should go.
The company also declared a quarterly dividend of 56 cents per share payable Sept. 9.Reporting by Eva Mathews in Bengaluru; Editing by Arun Koyyur
Our Standards: The Thomson Reuters Trust Principles.
Source: https://www.reuters.com/technology/microsoft-board-elects-ceo-satya-nadella-chairman-2021-06-16/
The pending acquisition would add transfer-agent and ownership-record capabilities to Morgan Stanley at Work; the…
Mark Stewart exits immediately as the board continues examining the company’s business mix, footprint and…
The pending deal would connect asset-backed financing with its tokenization business, but market-size figures do…
The automotive-parts supplier ends its interim leadership arrangement more than a month ahead of the…
A joint ministerial statement calls for sectoral discussions and an end to market-distorting policies, without…
Wärtsilä’s 35-megawatt storage project pairs batteries with energy management and maintenance, with takeover expected in…