Microsoft names India-born Satya Nadella as its new CEO
India-born Satya Nadella has been named as the new Chief Executive Officer of the 78 billion US dollars tech giant, Microsoft. Forty-six year-old Nadella, takes over as the third CEO of the Redmond-based firm. A native of Hyderabad, Nadella is the first Indian to head the iconic firm in its 38-year history, ending months of speculation as to who would succeed the retiring Steve Balmer.
Nadella had joined Microsoft in 1992 and previously served as the Executive Vice President of Cloud and Enterprise Group. The company said in a statement that Microsoft founder Bill Gates who is the current Chairman, will don a new hat of technology adviser and retain a seat on the board. John Thompson, who is currently lead independent director, will succeed Gates as the Chairman.
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