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Old 04-02-14   #1
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Icon7 Microsoft Board Names Satya Nadella As CEO



REDMOND, Wash. — Feb. 4, 2014 — 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 Microsoft’s Cloud and Enterprise group.

“During this time of transformation, there is no better person to lead Microsoft than Satya Nadella,” said Bill Gates, Microsoft’s Founder and Member of the Board of Directors. “Satya 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.”

Since joining the company in 1992, Nadella has spearheaded major strategy and technical shifts across the company’s portfolio of products and services, most notably the company’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 Microsoft’s Server and Tools Business, the division outperformed the market and took share from competitors.

“Microsoft is one of those rare companies to have truly revolutionized the world through technology, and I couldn’t be more honored to have been chosen to lead the company,” Nadella said. “The 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.”

“Having worked with him for more than 20 years, I know that Satya is the right leader at the right time for Microsoft,” said Steve Ballmer, who announced on Aug. 23, 2013 that he would retire once a successor was named. “I’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 Satya’s leadership.”

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.

“Satya is clearly the best person to lead Microsoft, and he has the unanimous support of our Board,” Thompson said. “The Board took the thoughtful approach that our shareholders, customers, partners and employees expected and deserved.”

With the addition of Nadella, Microsoft’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 company’s governance guidelines that a substantial majority be independent.

Founded in 1975, Microsoft (Nasdaq “MSFT”) is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.

Note to editors: For more information, news and perspectives from Microsoft, please visit the Microsoft News Center at Microsoft News Center. Web links, telephone numbers and titles were correct at time of publication, but may have changed. For additional assistance, journalists and analysts may contact Microsoft’s Rapid Response Team or other appropriate contacts listed at Microsoft Public Relations Contacts.


Source : Microsoft Board Names Satya Nadella as CEO

Last edited by The Knight; 04-02-14 at 09:30 PM.
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Old 04-02-14   #2
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Re: Microsoft Board Names Satya Nadella As CEO

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Old 04-02-14   #3
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Re: Microsoft Board Names Satya Nadella As CEO

All these threads should be merged into one !!

Its a most wonderful news by the way !!
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Old 04-02-14   #4
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Re: Microsoft Board Names Satya Nadella As CEO

Good to see a guy work his way up the company to reach the top, he will have the support of the company employees, and be an inspiration to many .
From what i have read, he seems to know his stuff . Now microsoft has a person who knows the company, the people in it and the business it does , May it benefit us the customers and in turn the company .
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Old 05-02-14   #5
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Re: Microsoft Board Names Satya Nadella As CEO

Good to see an Indian reached the top most position in Microsoft
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Old 05-02-14   #6
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Re: Microsoft Board Names Satya Nadella As CEO

Okay. What i take from this is that I've got 26 more years to become the CEO of a fortune 500 company.

So, who's with me for an old fashioned Global Domination?!
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Old 05-02-14   #7
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Re: Microsoft Board Names Satya Nadella As CEO

While it is all good that Nadella has been given this job, I suspect that there are going to be no major changes an the way that they function. Nadella is using some of the same (and more) marketing Jargon/Buzzzwords that Ballmer did. Looks like old wine in new (thinner) bottle except that he is stressing on software more than devices now.

BTW lost in all this is news that Bill Gates has resigned as Chairman of Microsoft Board. John Thompson, is taking over that role from Bill Gates. Meet Microsoft's new board chairman John Thompson | ZDNet
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Old 05-02-14   #8
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Re: Microsoft Board Names Satya Nadella As CEO

Bill gates is now the Tecnical advisor to the new CEO.. ! for devices and all other things..
Originally Posted by vijayninel View Post
Looks like old wine in new (thinner) bottle except that he is stressing on software more than devices now.
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Old 05-02-14   #9
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Re: Microsoft Board Names Satya Nadella As CEO

Microsoft CEO Satya Nadella to Have a Yearly Salary of $1.2 Million
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Old 05-02-14   #10
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Re: Microsoft Board Names Satya Nadella As CEO

^ooh thats too many zeros when converted to INR as someone's salary.

---------- Post added at 11:00 PM ---------- Previous post was at 10:59 PM ----------

He maybe also will have some % shares in that company.
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Old 06-02-14   #11
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