Home Business Microsoft elevates CEO Satya Nadella to twin function as board chair

Microsoft elevates CEO Satya Nadella to twin function as board chair

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Satya Nadella talking on the 2016 World Financial Discussion board in Davos, Switzerland.

David A. Grogan | CNBC

Microsoft mentioned Wednesday that CEO Satya Nadella is turning into the chair of the corporate’s board, changing unbiased director John Thompson, following a unanimous vote of the software program firm’s board.

The change displays the success Nadella has had previously seven years making Microsoft extra distinguished in expertise and enterprise altogether.

“In this function, Nadella will lead the work to set the agenda for the board, leveraging his deep understanding of the enterprise to raise the best strategic alternatives and determine key dangers and mitigation approaches for the board’s evaluation,” Microsoft mentioned in a assertion.

The transfer got here a yr after Invoice Gates, a co-founder of Microsoft and its first CEO, left the corporate’s board. Gates stepped down after the board investigated a report that Gates had tried to begin an intimate relationship with an worker in 2000, an organization spokesperson mentioned.

Nadella is one among Microsoft’s prime particular person shareholders, with greater than 1.6 million shares of the corporate’s inventory.

Thompson, previously CEO of Symantec, joined Microsoft’s board in 2012 and changed Gates as Microsoft’s chair in 2014, on the identical day Nadella changed Steve Ballmer because the Microsoft CEO.

That is breaking information. Please examine again for updates.

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