Microsoft (Microsoft) issued a statement on the 13th, co-founder and technology consultant Bill Gates resigned from Microsoft’s board of directors, to focus more time on philanthropy, but he will continue to be CEO Nader (Satya Nadella) and senior technology consultants at the company.
In addition to Microsoft’s board of directors, he also resigned from the board of Berkshire Hathaway. He posted on his personal Linkedin account that he had decided to leave the two boards and would dedicate more time to his philanthropy, including focusing on global health, development, education, and working to address climate change.
Gates also said that, as far as Microsoft is concerned, leaving the board of directors does not mean leaving the company. Microsoft will always be an important part of his life, and will continue to keep in touch with Nadella and senior technology leaders to help shape the vision and achieve Microsoft’s ambitious goals.
Gates co-founded Microsoft in 1975 with Paul Allen, who died in 2018. Gates served as CEO of Microsoft until Steve Ballmer took over in 2000, and Nadella took over as CEO in 2014. Since June 27, 2008, he has changed his day-to-day role at Microsoft, devoting more time to the Bill & Melinda Gates Foundation. He used to chair Microsoft’s board of directors until February 4, 2014.
Microsoft went public in 1986 and is now one of the world’s most valuable companies, estimated at $ 1.21 trillion. Gates is Microsoft’s largest individual shareholder. According to FactSet, he owns 1.36% of Microsoft’s shares. Following his departure, Microsoft’s board of directors consisted of 12 directors, including Nadella.