Source | www-cnbc-com.cdn.ampproject.org | Jordan Novet
- Satya Nadella, Microsoft’s CEO, is becoming the software company’s chair, after running the company for seven years, when he replaced Steve Ballmer.
- Nadella is taking over the chairperson seat from former Symantec CEO John Thompson.
Microsoft said Wednesday that CEO Satya Nadella is becoming the chair of the company’s board, replacing independent director John Thompson, following a unanimous vote of the software company’s board.
The change reflects the success Nadella has had in the past seven years making Microsoft more prominent in technology and business altogether.
“In this role, Nadella will lead the work to set the agenda for the board, leveraging his deep understanding of the business to elevate the right strategic opportunities and identify key risks and mitigation approaches for the board’s review,” Microsoft said in a statement.
Under Nadella’s watch Microsoft regained the title of world’s most valuable public company. Today it stands as the second most valuable, only behind Apple, with Microsoft stock having risen more than 600%.