Microsoft has named Satya Nadella, former executive vice president of its Cloud and Enterprise division, as its new CEO.
Indian-born Nadella, 46, has been with the company for 22 years and is only the third CEO in Microsoft’s history. Accompanying this announcement was the news that Bill Gates’ role at the company has changed from chairman to “founder and technology adviser.” Gates will remain on the board of directors.
“During this time of transformation, there is no better person to lead Microsoft than Satya Nadella,” said Gates. “Satya is a proven leader with hard-core engineering skills, business vision and the ability to bring people together.
“His vision for how technology will be used and experienced around the world is exactly what Microsoft needs as the company enters its next chapter of expanded product innovation and growth.”
Nadella will replace Steve Ballmer, who announced his retirement back in August 2013.
“Microsoft is one of those rare companies to have truly revolutionized the world through technology, and I couldn’t be more honored to have been chosen to lead the company,” Nadella said in a statement. “The opportunity ahead for Microsoft is vast, but to seize it, we must focus clearly, move faster and continue to transform. A big part of my job is to accelerate our ability to bring innovative products to our customers more quickly.”