This was published 4 years ago
Bill Gates steps down from Microsoft, Buffett boards
By Munsif Vengattil
Bengaluru: Microsoft co-founder Bill Gates, who made the company one of the world's most valuable technology firms, has stepped down from the board to focus on philanthropic works related to global health, education and climate change.
The billionaire and his wife Melinda run one of the world's largest charities, the Gates Foundation, which has billions in assets and funds global health programs to combat disease and poverty.
Bill Gates is no longer a director of the company he founded.Credit: Bloomberg
Gates quit his full-time executive role at Microsoft in 2008 and remained as chairman of the board till 2014.
"It's been a tremendous honour and privilege to have worked with and learned from Bill over the years," Chief Executive Officer Satya Nadella said.
With the departure of Gates from Microsoft Board, it will now consist of 12 members, the company said.
Gates also stepped down from the board of Warren Buffett's Berkshire Hathaway, where he has served since 2004.
Berkshire Hathaway said it has nominated former American Express CEO Kenneth Chenault to replace Gates.
Reuters