Bill Gates has stepped down from Microsoft's and Berkshire Hathaway's boards of directors by MattRyanPerez
, who is currently the second-richest man in the world, worth $103.6 billion, announced he would be leaving the board of directors of Microsoft and Berkshire Hathaway to focus on his and his wife Melinda's philanthropic foundation and climate change efforts.
After cofounding Microsoft with Paul Allen in 1975, Gates served as the company's CEO until 2000 when he left to make way for Steve Ballmer, and eventually stepped away from day-to-day work with the company in 2008, leaving his post as chairman of the board in 2014.on the departure, Gates will continue to serve as technology advisor to current CEO Satya Nadella and other leaders in the company.
"I have made the decision to step down from both of the public boards on which I serve–Microsoft and Berkshire Hathaway–to dedicate more time to philanthropic priorities including global health and development, education and my increasing engagement in tackling climate change," Gates shared on LinkedIn.
"It's been a tremendous honor and privilege to have worked with and learned from Bill over the years," Nadella said in the release, noting that"Microsoft will continue to benefit from Bill's ongoing technical passion and advice to drive our products and services forward."Bill and Melinda Gates are the co-chairs of the Bill & Melinda Gates Foundation, the world's largest private charitable foundation; Bill has donated $35.
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