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The Wall Street Journal: Microsoft says Nadella to become chairman as well as CEO

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Microsoft Corp. Chief Executive Satya Nadella will also assume the role of company chairman, the company said Wednesday.

The move marks the second year in a row Microsoft’s
MSFT,
-0.38%

board has undergone significant change after co-founder Bill Gates last year announced he was stepping down three months after having been re-elected to the board.

Nadella, 53 years old, took over as Microsoft CEO in 2014 and helped restore the software company’s fortunes, in part by betting on the company’s cloud-computing business that has seen strong growth.

He turned Microsoft into America’s second-largest company by value after Apple Inc. Microsoft now has a market value of topping $1.9 trillion.

An expanded version of this story is available at WSJ.com

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