Bill Gates stepped down as chairman of Microsoft's board of directors
45 years after the founding of one of the most progressive and expensive companies on the planet, Bill Gates announced his resignation to pay more attention to charity fund.
Microsoft yesterday announced that one of the founders of the company leaves the chair on the board of directors.
“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 wrote on LinkedIn.
One of the richest people on the planet held his post for almost six years, but recently he has paid more attention to the charity fund founded by him and his wife Melinda.
According to the company, they do not intend to seek a replacement for Gates, and now the council will consist of 12 people. In his announcement, Gates also indicated that leaving the board does not mean leaving Microsoft and that he will continue to advise the company.
Today, Bill Gates is one of the largest shareholders of Microsoft. According to FactSet, Gates owns 1.36 percent of all assets.
The members of the board of directors thanked Bill Gates for their experience, friendship and invaluable contribution to the company.
“On behalf of our shareholders and the Board, I want to express my deep appreciation to Bill for all his contributions to Microsoft. As a member of the Board, he challenged us to think big and then think even bigger. He leaves an enduring legacy of curiosity and insight that serves as an inspiration for us all,” added John W. Thompson, Microsoft independent board chair, according to The Daily Mail.
“Bill founded our company with a belief in the democratizing force of software and a passion to solve society’s most pressing challenges. And Microsoft and the world are better for it. The board has benefited from Bill’s leadership and vision. And Microsoft will continue to benefit from Bill’s ongoing technical passion and advice to drive our products and services forward. I am grateful for Bill’s friendship and look forward to continuing to work alongside him to realize our mission to empower every person and every organization on the planet to achieve more,” said Microsoft CEO Satya Nadella, according to CNBC.