Microsoft announced Tuesday that Satya Nadella will become the third chief executive in the company’s history as it moves into the mobile era. Nadella is a 22-year veteran of the company who most recently led the cloud and enterprise division, and will replace outgoing chief executive Steve Ballmer, according to a report by the Washington Post.
The company also announced that co-founder Bill Gates will step down as chairman of the board to take on a role as “technology adviser” once his term expires. Longtime Microsoft board member John Thompson, who led the CEO search, will assume the role as chairman.
Gates will be “devoting more time to the company” in his new advisory role, Microsoft stated in their announcement.