MICROSOFT HAS APPOINTED Satya Nadella to be the company’s new CEO, becoming the third person to hold the position since the company was founded in 1975.
Nadella, who has been with Microsoft since 1992 and was executive vice president of Microsoft’s Cloud and Enterprise group, will replace the previous CEO Steve Ballmer who will now retire.
The 46 year-old has been involved in Microsoft’s move to cloud-based services and incorporating it into all Microsoft products such as Bing, Office, Xbox and other services. He also oversaw development of the company’s Server and Tools Business.
Speaking about the appointment, Nadella said he “couldn’t be more honoured” to have been chosen for the role.
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.
With Nadella’s appointment, founder Bill Gates will step down as Chairman today and will now be Technology Advisor for the company’s Board of Directors. John Thompson, who was the lead independent director for the Board of Directors, will become the new Chairman.
Speaking about the appointment, Gates believes that Nadella is the person to move the company forward.
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.
The appointment comes after Microsoft announced record revenue in the last quarter of 2013. The company made a net income of $6.56 billion while revenue hit a record high of $24.52 billion.