News & Events
SEATTLE (Reuters) - Microsoft Corp (NSQ: MSFT - News) named company veteran Satya Nadella as its next chief executive officer on Tuesday, ending a longer-than-expected search for a new leader after Steve Ballmer announced his intention to retire in August.
Nadella is only the third CEO in Microsoft's 39-year history, following co-founder Bill Gates and Ballmer.
Microsoft also said John Thompson, lead independent director, would succeed Gates as chairman. Gates will assume a new role as technology adviser and retain a seat on the board, the company said in a statement.