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Microsoft has chosen a new chairman of the board of directors: it was the CEO Satya Nadella

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Satya Nadella succeeded Steve Ballmer as CEO of Microsoft back in 2014, and since then, the company’s share price has risen from about $ 38 to $ 257. Microsoft has now announced that Nadella will take on a new role in addition to her current one and become chairman of the board of directors.

The Board unanimously elected Nadella to this position. He will replace John W. Thompson, who will return to his role as Lead Independent Director on the Board, which he held from 2012 to 2014. Thompson will continue to have significant board autonomy as he represents the independent board of directors, initiating meetings with them, setting agendas for executive meetings, and even taking part in evaluating the CEO’s performance.

In the meantime, Nadella will set the agenda for the board of directors. Microsoft says it “will use its deep understanding of the business to identify the right strategic opportunities and identify key risks and approaches to mitigate them for board consideration.”

In addition, Microsoft also announced that the $ 0.56 per share quarterly dividend is due to be paid to shareholders on September 9, 2021.

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