Microsoft co-founder and former CEO Bill Gates has officially announced thay he is stepping down as board of directors “to dedicate more time to philanthropic priorities”.
It was announced on his own LinkedIn account on Saturday.
I have made the decision to step down from both of the public boards on which I serve – Microsoft and Berkshire Hathaway – to dedicate more time to philanthropic priorities including global health and development, education, and my increasing engagement in tackling climate change. The leadership at the Berkshire companies and Microsoft has never been stronger, so the time is right to take this step.
Serving on the Berkshire board has been one of the greatest honors of my career. Warren and I were the best of friends long before I joined and will be long after. I look forward to our continued partnership as co-trustees of the Bill & Melinda Gates Foundation and co-founders of The Giving Pledge.
With respect to Microsoft, stepping down from the board in no way means stepping away from the company. Microsoft will always be an important part of my life’s work and I will continue to be engaged with Satya and the technical leadership to help shape the vision and achieve the company’s ambitious goals. I feel more optimistic than ever about the progress the company is making and how it can continue to benefit the world.
I am looking forward to this next phase as an opportunity to maintain the friendships and partnerships that have meant the most to me, continue to contribute to two companies of which I am incredibly proud, and effectively prioritize my commitment to addressing some of the world’s toughest challenges.Bill Gate’s Announcement of leaving Microsoft Board of Directors
Gates co-founded the company in 1975 with Paul Allen (who died in 2018). He then moved aside as the CEO in the year 2000 as Steve Ballmer (now the Clippers owner) took over the role.
Bill Gates founded the Bill & Melinda Gates Foundation in 2008 and dedicated more time there. In 2014, Satya Nadella stepped in as the company’s CEO.
It was reported that Gates has one of the biggest shares from the company with 1.36% (as per FactSet).
Besides stepping down from Microsoft, he also leaves his post at Berkshire Hathaway as member of the board of directors.