Bill Gates steps down from Microsoft’s Board as its Chairman

Microsoft Corp’s co-founder Bill Gates, who made the software giant one of the world’s most valuable technology companies, has stepped down from the board on Friday. He will now focus on philanthropic works related to climate change, global health and education.

Gates 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.

In 2008, Gates quit his full-time executive role at Microsoft and continued to remain as its chairman till 2014.

Since then he has been a board member.

“It’s been a tremendous honor and privilege to have worked with and learned from Bill over the years,” said Microsoft’s Chief Executive Officer Satya Nadella.

Following Gates’ departure from Microsoft’s Board, it will now consist of 12 members, said the company in a statement.

Gates has also stepped down from Warren Buffett’s Berkshire Hathaway Inc’s board where he has served since 2004.



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