Bill Gates Steps Down As Chairman Of Microsoft As Indian Satya Nadella Is Named New CEO

Microsoft has today named company veteran 
Satya Nadella as its next chief executive, a widely expected choice that also returns co-founder Bill Gates to a high-profile role in helping the company confront its challenges.
Mr. Gates, who had been serving as chairman, will become a technology adviser and devote more time to the company, supporting Mr. Nadella in shaping technology and product direction, the company said. John Thompson, who was formerly the lead director, will become chairman. Both Mr. Gates and Steve Ballmer, who is giving up the CEO role, will remain on the board of directors. Mr. Gates, who for years has mainly focused on philanthropic activities, said he was thrilled that Mr. Nadella asked him to become more involved at Microsoft.

Mr. Nadella, who takes his new position immediately, becomes the third CEO since the company was founded 39 years ago. Before him, only co-founder Bill Gates and Ballmer have headed it.  Mr. Ballmer, who announced plans to retire in August was originally handed the reins in 2000 when Mr. Gates stepped aside after 25 years.