Microsoft Board names Satya Nadella as CEO
Bill Gates steps up to new role as Technology Advisor; John Thompson assumes role as Chairman of Board of Directors.
REDMOND, Wash.Â â€”Â Feb. 4, 2014Â â€” Microsoft Corp. today announced that its Board of Directors has appointed Satya Nadella as Chief Executive Officer and member of the Board of Directors effective immediately. Nadella previously held the position of Executive Vice President of Microsoftâ€™s Cloud and Enterprise group.
â€œDuring this time of transformation, there is no better person to lead Microsoft than Satya Nadella,â€ said Bill Gates, Microsoftâ€™s Founder and Member of the Board of Directors. â€œSatya is a proven leader with hard-core engineering skills, business vision and the ability to bring people together. His vision for how technology will be used and experienced around the world is exactly what Microsoft needs as the company enters its next chapter of expanded product innovation and growth.â€
Since joining the company in 1992, Nadella has spearheaded major strategy and technical shifts across the companyâ€™s portfolio of products and services, most notably the companyâ€™s move to the cloud and the development of one of the largest cloud infrastructures in the world supporting Bing, Xbox, Office and other services. During his tenure overseeing Microsoftâ€™s Server and Tools Business, the division outperformed the market and took share from competitors.
â€œMicrosoft is one of those rare companies to have truly revolutionized the world through technology, and I couldnâ€™t be more honored to have been chosen to lead the company,â€ Nadella said. â€œThe opportunity ahead for Microsoft is vast, but to seize it, we must focus clearly, move faster and continue to transform. A big part of my job is to accelerate our ability to bring innovative products to our customers more quickly.â€
â€œHaving worked with him for more than 20 years, I know that Satya is the right leader at the right time for Microsoft,â€ said Steve Ballmer, who announced on Aug. 23, 2013 that he would retire once a successor was named. â€œIâ€™ve had the distinct privilege of working with the most talented employees and senior leadership team in the industry, and I know their passion and hunger for greatness will only grow stronger under Satyaâ€™s leadership.â€
Microsoft also announced that Bill Gates, previously Chairman of the Board of Directors, will assume a new role on the Board as Founder and Technology Advisor, and will devote more time to the company, supporting Nadella in shaping technology and product direction. John Thompson, lead independent director for the Board of Directors, will assume the role of Chairman of the Board of Directors and remain an independent director on the Board.
â€œSatya is clearly the best person to lead Microsoft, and he has the unanimous support of our Board,â€ Thompson said. â€œThe Board took the thoughtful approach that our shareholders, customers, partners and employees expected and deserved.â€
With the addition of Nadella, Microsoftâ€™s Board of Directors consists of Ballmer; Dina Dublon, former Chief Financial Officer of JPMorgan Chase; Gates; Maria M. Klawe, President of Harvey Mudd College; Stephen J. Luczo, Chairman and Chief Executive Officer of Seagate Technology PLC; David F. Marquardt, General Partner at August Capital; Nadella; Charles H. Noski, former Vice Chairman of Bank of America Corp.; Dr. Helmut Panke, former Chairman of the Board of Management at BMW Bayerische Motoren Werke AG; and Thompson, Chief Executive Officer of Virtual Instruments. Seven of the 10 board members are independent of Microsoft, which is consistent with the requirement in the companyâ€™s governance guidelines that a substantial majority be independent.
Founded in 1975, Microsoft (Nasdaq â€œMSFTâ€) is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.