India-born Satya Nadella has been named the new Chairman of Microsoft. He will replace John Thompson.
Mr. Nadella took over the job of the CEO of the software giant in 2014 succeeding Steve Ballmer.
The company said Mr. Thompson, who took over as chairman of the software giant’s co-founder Bill Gates in 2014, will serve as a lead independent director.
The top-level executive change comes just over a year after Bill Gates stepped down from the board, saying he would focus on philanthropic works of the Bill and Melinda Gates Foundation, one of the world’s biggest charities.
According to Microsoft, Nadella ushered the company into a new era of openness and innovation, growing Microsoft’s cloud computing business, promoting cross-platform collaboration, and overseeing the launch of inventive products. Known for his empathetic management style, Nadella helped transform Microsoft’s culture while bolstering the company’s bottom line.