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The Wall Street Journal: Microsoft says Nadella to become chairman as well as CEO


Microsoft Corp. Chief Executive Satya Nadella will also assume the role of company chairman, the company said Wednesday.

The move marks the second year in a row Microsoft’s

board has undergone significant change after co-founder Bill Gates last year announced he was stepping down three months after having been re-elected to the board.

Nadella, 53 years old, took over as Microsoft CEO in 2014 and helped restore the software company’s fortunes, in part by betting on the company’s cloud-computing business that has seen strong growth.

He turned Microsoft into America’s second-largest company by value after Apple Inc. Microsoft now has a market value of topping $1.9 trillion.

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