Microsoft Corp. named Satya Nadella chief executive officer, tapping an insider steeped in business technology to speed turnaround at a software maker that helped usher in the personal-computing age only to be left behind as the world shifted toward the Web and mobile devices.
Nadella will replace Steve Ballmer effective immediately after a five-month search, Microsoft said in a statement today. Bill Gates, the company’s first CEO, will step aside as chairman and devote more time to product development, while remaining on the board and running his philanthropic foundation. John Thompson, the board member who led the CEO search, becomes chairman.
The new CEO, who was born in India and joined Microsoft in 1992, takes over at a critical juncture. Consumers and businesses are shunning PCs in favor of handheld devices made by rivals, sapping demand for Microsoft’s flagship products. Besides playing catchup to the likes of Apple Inc. and Google Inc., Nadella will be tasked with completing strategy changes, begun by Ballmer last year. That includes integrating the $7.2 billion integration of Nokia Oyj’s handset unit and turning Microsoft into a provider of services and hardware.
~ Dina Bass – Bloomberg Technology
This is great news, Satya is a great option but the idea of Bill Gates becoming more involved with product development is what’s both interesting and exciting.