Microsoft Corp on Wednesday named Chief Executive Officer Satya Nadella as its new chairman, in place of John Thompson.
Nadella, who took over as CEO in 2014 from Steve Ballmer, has been instrumental in scaling up its business including billion-dollar acquisitions like LinkedIn, Nuance Communications and ZeniMax.
The company said Thompson, who took over as chairman from the software giant’s co-founder Bill Gates in 2014; will serve as lead independent director.
The top-level executive change comes just over a year after Gates stepped down from the board; saying he would focus on philanthropic works of the Bill and Melinda Gates Foundation, one of the world’s biggest charities.
The company had last month said it conducted a probe into Gates’ involvement with an employee almost 20 years ago; after it was told in 2019 that he had tried to start a romantic relationship with the person.
Microsoft had declined to comment on whether its board had decided Gates should go.
The company also declared a quarterly dividend of 56 cents per share payable Sept. 9.
Meanwhile, on Wednesday, India’s information technology minister Ravi Shankar Prasad hit out at Twitter; accusing it of not complying with new regulations for social media sites that came into effect last month.
The new “intermediary guidelines” were aimed at regulating content on large social media platforms and messaging services like Facebook; WhatsApp, as well as Twitter that had over five million users.
The new rules require them to appoint an employee that Indian authorities can turn to if they want content removed.
This India-based compliance officer would be criminally liable for content published on the platform.
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