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March 13, 2020 Microsoft announces that company co-founder Bill Gates is leaving the board to devote more time to his philanthropic activities, including global health, development, training, and his growing commitment to climate change.The company announced in a note.
However, Gates will remain technological adviser to CEO Satya Nadella and other corporate executives.
On June 27, 2008, Gates moved from a daily role to the company to devote more time to his work at the Bill & Melinda Gates Foundation. He was president of Microsoft's board of directors until February 4, 2014.
"It has been a tremendous honor and privilege to have worked and learned from Bill over the years. Bill has founded our company by believing in the democratic power of software and with the passion to solve the most pressing challenges of society. And Microsoft and the world are better for this, "says Nadella.
With the departure of Gates, the board will consist of 12 members: John W. Thompson, independent president of Microsoft; Reid Hoffman, partner of Greylock Partners; Hugh Johnston, vice president and chief financial officer of PepsiCo; Teri L. List-Stoll, executive vice president and chief financial officer of Gap, Inc.; Satya Nadella, CEO of Microsoft; Sandra E. Peterson, operating partner, Clayton, Dubilier & Rice; Penny Pritzker, founder and president of Psp Partners; Charles W. Scharf, CEO and president of Wells Fargo & Co.; Arne Sorenson, president and CEO, Marriott International Inc.; John W. Stanton, president of the Trilogy Equity Partners; Emma Walmsley, CEO of GlaxoSmithKline plc (Gsk); and Padmasree Warrior, founder, CEO and president, Fable Group Inc.