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Satya Nadella is Microsoft's new CEO

Satya Nadella the Chief Executive Officer of Microsoft
Satya Nadella, Microsoft's new CEO
After 14 years, the Ballmer era ends and a new age begins for Microsoft as Satya Nadella becomes the company's third CEO in its 40-year long history.

Earlier today, Microsoft announced the appointment of Satya Nadella as its new CEO, ending Steve Ballmer's 14 years spent at the helm of the software behemoth. At the same time, Gates steps down as chairman and becomes a technology adviser, while John Thompson is now the company's new chairman. Thomson was the one in charge of searching for a new executive officer after Ballmer announced his decision to leave the leading position of the company.

Satya Nadella spent 22 years at Microsoft and previously reached the position of Executive Vice President of Microsoft’s Cloud and Enterprise group. According to Bill Gates, "Satya is a proven leader with hard-core engineering skills, business vision and the ability to bring people together."

Nadella's greatest challenge is to speed up innovation across all Microsoft's departments in a very difficult period with much tougher competing products and companies than in the past. "A big part of my job is to accelerate our ability to bring innovative products to our customers more quickly." he said.

After its retirement as CEO, Steve Ballmer joined Microsoft's Board of Directors, which consists of 10 board members. No less than seven of these members are independent of Microsoft, including Stephen J. Luczo, Chairman and Chief Executive Officer of Seagate Technology PLC or Maria M. Klawe, President of Harvey Mudd College. For more details on this important move in the history of the company, please check the press release below.

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Author: Codrut Nistor, 2014-02- 4 (Update: 2014-02- 5)