The co-founder of Microsoft, Bill Gates quits Microsoft Board. Microsoft made the announcement on Friday that Gates will be leaving the Board, effective from Friday. He is also stepping down from the board of members of Berkshire Hathaway.
“I have made the decision to step down from both of the public boards on which I serve – Microsoft and Berkshire Hathaway – to dedicate more time to philanthropic priorities including global health and development, education, and my increasing engagement in tackling climate change,” Gates posted on his official LinkedIn handle.
In 2000, Gates stepped down as CEO of Microsoft and Steve Ballmer took over the position and 14 years later in 2014, Satya Nadella succeeded Steve Ballmer to become the new CEO of Microsoft. Nadella still continues as the CEO of Microsoft.
Leaving Microsoft doesn’t mean that he will completely leave Microsoft, He will still work on the backstage on Microsoft to improve its lineup of products.
Bill Gates along with Paul Allen, started Microsoft in 1975. Paul Allen passed away in 2018 and Gates continued to be a part of the Microsoft board of members team. Gates is one of the top Microsft shareholders with about 1.36% of shares.
Earlier in 2018, he stepped down from his day-to-day role in Microsoft as well.
Furthermore, he added “With respect to Microsoft, stepping down from the board in no way means stepping away from the company. Microsoft will always be an important part of my life’s work and I will continue to be engaged with Satya and the technical leadership to help shape the vision and achieve the company’s ambitious goals. I feel more optimistic than ever about the progress the company is making and how it can continue to benefit the world.”
You can read the full post on Gate’s official LinkedIn Handle.