• search
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Satya Nadella appointed as Microsoft’s Chairman

|
Google Oneindia News

New York, Jun 17: Microsoft's India-born CEO Satya Nadella has been named the company's Chairman, an additional role in which he will "lead the work to set the agenda for the board."

    Satya Nadella appointed as chairman of Microsoft's board, gets more powers | Oneindia News

    Microsoft Corp on Wednesday announced that the board's independent directors unanimously elected Nadella to the role of board chair, and unanimously elected John W Thompson as the lead independent director, a role he held previously from 2012 to 2014.

    Satya Nadella appointed as Microsoft’s Chairman

    "In this role, Nadella will lead the work to set the agenda for the board, leveraging his deep understanding of the business to elevate the right strategic opportunities and identify key risks and mitigation approaches for the board's review," the company said in a statement.

    'Heartbroken by the current situation in India': Microsoft CEO Satya Nadella pledges support'Heartbroken by the current situation in India': Microsoft CEO Satya Nadella pledges support

    Nadella, 53, succeeds Thompson, who as the lead independent director, will retain significant authority including providing input on behalf of the independent directors on board agendas, calling meetings of the independent directors, setting agendas for executive sessions, and leading performance evaluations of the CEO, the technology giant said.

    In addition to these role changes, the board declared a quarterly dividend of USD 0.56 per share. The dividend is payable September 9, 2021, to shareholders of record on August 19, 2021.

    Nadella had succeeded Steve Ballmer to become Microsoft's CEO in 2014.

    For Daily Alerts
    Get Instant News Updates
    Enable
    x
    Notification Settings X
    Time Settings
    Done
    Clear Notification X
    Do you want to clear all the notifications from your inbox?
    Settings X
    X