Microsoft names CEO Satya Nadella as chairman

Microsoft CEO Satya Nadella was named chairman of the board on Wednesday, elevating his current role atop one of the world’s most valuable companies.

Nadella, who has served as chief executive since 2014, has helped transform the PC maker into a leader in cloud computing in recent years, resulting in blockbuster earnings and a market cap of close to $2 trillion.

In a statement Microsoft said Nadella had been “unanimously elected” to replace John Thompson in the position.

The news comes as the company grapples with the aftermath of a probe involving its co-founder.

Last month, news emerged of an affair between Bill Gates and an employee in 2000. Gates’ representatives have acknowledged the relationship, which reportedly took place while he was chairman of the board.

Microsoft’s board has said that it launched an investigation into the matter two years ago. Gates left the board in early 2020, though a spokesperson for the billionaire has said that the decision was unrelated to the probe.

Nadella has personally addressed the allegations against Gates in an interview with CNBC last month that “the Microsoft of 2021 is very different from the Microsoft of 2000.”

These allegations come two weeks after after the announcement of Gates’ divorce from his wife of 27 years, Melinda French Gates.