Microsoft on Wednesday named Chief Govt Officer Satya Nadella as its new chairman, rather than John Thompson.
Nadella, who took over as CEO in 2014 from Steve Ballmer, has been instrumental in scaling up its enterprise together with billion-dollar acquisitions like LinkedIn, Nuance Communications, and ZeniMax.
The corporate mentioned Thompson, who took over as chairman from the software program large’s co-founder Invoice Gates in 2014, will function lead unbiased director.
Microsoft mentioned in a statement, “On this function, Nadella will lead the work to set the agenda for the board, leveraging his deep understanding of the enterprise to raise the proper strategic alternatives and determine key dangers and mitigation approaches for the board’s overview. As lead unbiased director, Thompson will retain important authority together with offering enter on behalf of the unbiased administrators on board agendas, calling conferences of the unbiased administrators, setting agendas for government periods, and main efficiency evaluations of the CEO.”
The highest-level government change comes simply over a yr after Gates stepped down from the board, saying he would deal with philanthropic works of the Invoice and Melinda Gates Basis, one of many world’s largest charities.
The corporate had final month mentioned it performed a probe into Gates’ involvement with an worker virtually 20 years in the past after it was informed in 2019 that he had tried to begin a romantic relationship with the individual.
Microsoft had declined to touch upon whether or not its board had determined Gates ought to go.
The corporate additionally declared a quarterly dividend of 56 cents (roughly Rs. 40) per share payable September 9.