Microsoft Corporation has announced that its co-founder and advisor of technology Bill Gates has resigned from the company’s Board of Directors. According to the company, Bill Gates made the decision to enhance his focus on philanthropy.
He has also announced to step down from the board of Warren Buffet’s Berkshire Hathaway for the same reason. He was part of the leadership since 2004.
In an official statement, Bill Gates confirmed the news and said that both – Microsoft and Berkshire Hathaway are under strong leadership and now is the right time to take the step. He would, however, continue to serve as Technology Advisor to CEO Satya Nadella and other officials of both the company.
Although Bill Gates took the decision in 2020, he was gradually planning his transition away from his company for many years. In 2008, he stepped down from his day-to-day role in the company. He also served as the CEO of the company until 2000 and resigned from his duties as the company’s chairman of the board in 2014.
Microsoft CEO Satya Nadella also issued a statement acknowledging Bill Gates leadership and effort for the company. He further hoped that Microsoft will continue to benefit from the founder’s advice and vision in the future.
After Bill Gates exit, the Microsoft Board will include 12 members with John W. Thompson serving as the chairman.
Bill Gates chairs the ‘Bill & Melinda Gates Foundation’ along with his wife. Deemed as the largest private foundation in the world, the Gates Foundation works on many areas including global health, poverty, development, education, and climate control.
During the current health pandemic of coronavirus, the Gates Foundation has donated $50 million towards the tests. Bill Gates is said to donate more than 45 percent of his income towards charity each year.
Photo: AP
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He has also announced to step down from the board of Warren Buffet’s Berkshire Hathaway for the same reason. He was part of the leadership since 2004.
In an official statement, Bill Gates confirmed the news and said that both – Microsoft and Berkshire Hathaway are under strong leadership and now is the right time to take the step. He would, however, continue to serve as Technology Advisor to CEO Satya Nadella and other officials of both the company.
Although Bill Gates took the decision in 2020, he was gradually planning his transition away from his company for many years. In 2008, he stepped down from his day-to-day role in the company. He also served as the CEO of the company until 2000 and resigned from his duties as the company’s chairman of the board in 2014.
Microsoft CEO Satya Nadella also issued a statement acknowledging Bill Gates leadership and effort for the company. He further hoped that Microsoft will continue to benefit from the founder’s advice and vision in the future.
After Bill Gates exit, the Microsoft Board will include 12 members with John W. Thompson serving as the chairman.
Bill Gates chairs the ‘Bill & Melinda Gates Foundation’ along with his wife. Deemed as the largest private foundation in the world, the Gates Foundation works on many areas including global health, poverty, development, education, and climate control.
During the current health pandemic of coronavirus, the Gates Foundation has donated $50 million towards the tests. Bill Gates is said to donate more than 45 percent of his income towards charity each year.
Photo: AP
Read next: These maps shows the oldest company in almost every country in the world
