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Microsoft’s billionaire co-founder Bill Gates announced Friday that he is stepping down from the board of directors to focus on his philanthropic initiatives.
The Gates will be scaled back his day-to-day role in the company in 2008 and stepped down as chairman of Microsoft’s board of directors in 2014. In addition to stepping down, he is also clear, from his seat on the board of Berkshire Hathaway, the conglomerate headed by fellow billionaire Warren Buffett.
In the past few years, the Gates have to have an active role in the non-profit Bill & Melinda Gates Foundation, the charity he founded with his wife. He will continue to serve as a technology adviser to Microsoft’s CEO, Satya Nadella.
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The Microsoft co-founder Bill Gates said on Friday that he is stepping down from the board to focus on philanthropy. Gates was Microsoft’s CEO until 2000, and since then has gradually scaled back his involvement at the company he founded with Paul Allen in 1975. (AP Photo/Jose Luis Magana, File)
“Microsoft is always going to be a very important part of my work, and I will continue working with Satya and the technical leadership to help shape the vision and achieve the company’s ambitious goals,” Gates writes in a LinkedIn post.
In a statement by Microsoft, Nadella said that it was a “great honor and a privilege to have worked with and learned from Bill over the years.”
“Bill, our company is founded on a belief in the democratizing power of the software, and have a passion for solving society’s most pressing challenges,” he said. “And Microsoft, and the world is better for it.”
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The Microsoft board will be composed of 12 members. The replacement of the Gates was not mentioned.
In February, the Bill & Melinda Gates Foundation announced that it was donating $100 million to the fight against the corona virus.
The Associated Press contributed to this report.