Reportedly, Microsoft Corp (MSFT) has named Chief Executive Officer Satya Nadella, 53 as its new chairman in place of John Thompson, intensifying Nadella’s influence on the company after more than seven years as the top executive. John Thompson took over as chairman in 2014 from Bill Gates, will now serve as a lead independent director.
Microsoft has experienced remarkable growth during Nadella’s leadership, recovering from failures in the mobile phone and internet search market, as well as decreasing the importance of its flagship Windows operating system. Nadella shifted the company’s focus around cloud computing, mobile applications, and artificial intelligence while breathing new life into the Office software franchise by shifting it more to the cloud and to other operating systems.
The high-level executive change comes just over a year after Gates stepped down from the board, and wanted to focus on philanthropic works of the Bill and Melinda Gates Foundation, which is one of the world’s biggest charities. In addition to these role changes, the board declared a quarterly dividend of $.56 per share payable Sept. 9, 2021, to shareholders of record on Aug. 19, 2021.
Redmond, Washington-based American multinational technology company Microsoft (MSFT) develops, manufactures, licenses, supports and sells computer software, consumer electronics, personal computers, and related services. To learn more about Microsoft (MSFT) and to track their progress please visit the Vista Partners Coverage Page.
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