Tech News

Microsoft names CEO Satya Nadella chairman of the board

Microsoft introduced Wednesday that CEO Satya Nadella will tackle the twin function of chairman of the firm’s board, changing impartial director John Thompson.

“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 establish key dangers and mitigation approaches for the board’s overview,” Microsoft stated in a news release.

The elevation was a unanimous election by the board’s impartial administrators. Thompson will grow to be lead impartial director, a job he held beforehand from 2012 to 2014. He’ll “retain vital authority together with offering enter on behalf of the impartial administrators on board agendas, calling conferences of the impartial administrators, setting agendas for govt periods, and main efficiency evaluations of the CEO,” Microsoft stated.

Nadella, 53, first joined Microsoft in 1992 and was named CEO in February 2014, at the identical time that Microsoft co-founder Invoice Gates stepped down as chairman of the board.

Gates left the board final March, 45 years after co-founding the software program big with childhood buddy Paul Allen. Fallout from Gates’ latest divorce announcement revealed that he left the board after allegations surfaced that he had an inappropriate relationship with an worker.

Underneath Nadella, Microsoft has regained its stature as a tech powerhouse, making headlines for acquisitions of firms reminiscent of LinkedIn and GitHub, placing give attention to the firm’s cloud computing enterprise, making accessibility and fairness a number one platform of the firm’s tradition, and avoiding the antitrust scrutiny that has plagued rivals Amazon, Apple, Google and Fb.

Microsoft is the second Most worthy firm in the world behind Apple.

“Success is vital, however you must do not forget that your success has to have come from some sense of function,” Nadella stated in an interview with GeekWire in 2019.

Back to top button