Microsoft Corporation on Wednesday appointed Chief Executive Officer Satya Nadella as its new chairman, in the place of John Thompson. Nadella took over as CEO in 2014 from Steve Ballmer and has been involved in increasing its business including billion-dollar acquisitions like LinkedIn, Nuance Communications, and ZeniMax. Microsoft said John Thompson will now serve as a lead independent director.

• Coal India, AMNS Sign MoU on Syn-Gas at Paradip Plant
• HAL Hits 52-Week High of Rs 5,055 on Strong Q1 Results
• MP Approves Rs 1,757 Crore Bhopal-Vidisha Road Project
• Nvidia Reportedly Developing 1 Trillion-Parameter AI Model
• West Coast Paper Hits 52-Week High on Strong Q1 Profit

The top-level executive change comes just after Bill Gates stepped down from the board, saying he would focus on charitable works of the Bill and Melinda Gates Foundation, which is 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 on September 9.