Microsoft names CEO Satya Nadella as chairman

Microsoft Corp on Wednesday named Chief Executive Officer Satya Nadella as its new chairman, instead of 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 firm stated Thompson, who took over as chairman from the software program large’s co-founder Bill Gates in 2014, will function lead unbiased director.
The top-level govt change comes simply over a yr after Gates stepped down from the board, saying he would concentrate on philanthropic works of the Bill and Melinda Gates Foundation, one of many world’s greatest charities.
The firm had final month stated it carried out a probe into Gates’ involvement with an worker nearly 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 firm additionally declared a quarterly dividend of 56 cents per share payable Sept. 9.