It’s Official! The New Microsoft CEO Is Satya Nadella

by Christopher Freeburn | February 4, 2014 9:55 am

The search for a new chief executive to replace outgoing Microsoft (MSFT[1]) CEO Steve Ballmer is over[2].

satya nadella[3]

On Tuesday, the software giant announced that the new Microsoft CEO will be Satya Nadella. The company broke the news of the new Microsoft CEO on Twitter (TWTR[4]). Nadella’s selection as the new Microsoft CEO caps a search that began las August when Ballmer said he planned to step down and retire, NBC News notes.

As the new Microsoft CEO, Nadella becomes just the third chief executive in MSFT history.

In addition to announcing Nadell as the new Microsoft CEO, the company indicated that co-founder Bill Gates would also be replaced as chairman. Independent MSFT director Jim Thompson will succeed Gates as chairman. Gates will now serve as a technology advisor at Microsoft.

A number of candidates had been considered to become the new Microsoft CEO, including Ford’s (F[5]) Alan Mulally, but Mulally announced earlier this month that he would remain at the nation’s second largest automaker[6] through the end of this year.

Last week, rumors surfaced suggesting that the MSFT board was close to tapping Nadella as the new Microsoft CEO[7].

A number of MSFT shareholders had been pressuring the company to oust Gates from the chairman’s position[8] to give a new Microsoft CEO a free hand to set strategy.

MSFT stock climbed almost 1% in Tuesday morning trading.

More New Microsoft CEO News:

Endnotes:

  1. MSFT: http://studio-5.financialcontent.com/investplace/quote?Symbol=MSFT
  2. is over: http://www.nbcnews.com/business/microsoft-names-satya-nadella-ceo-2D12054182
  3. [Image]: https://investorplace.com/wp-content/uploads/2014/02/satya-nadella.jpg
  4. TWTR: http://studio-5.financialcontent.com/investplace/quote?Symbol=TWTR
  5. F: http://studio-5.financialcontent.com/investplace/quote?Symbol=F
  6. would remain at the nation’s second largest automaker: https://investorplace.com/2014/01/microsoft-ceo-alan-mulally-msft-f/#.UvD86nlhOf1
  7. was close to tapping Nadella as the new Microsoft CEO: https://investorplace.com/2014/01/microsoft-ceo-bill-gates-satya-nadella/#.UvD8o3lhOf0
  8. to oust Gates from the chairman’s position: https://investorplace.com/2013/10/top-microsoft-investors-to-gates-get-out/#.UvD87nlhOf1
  9. Can New Microsoft CEO Satya Nadella Turn MSFT Around?: https://investorplace.com/2014/02/microsoft-ceo-satya-nadella-turn-microsoft-around-real-time-insight/
  10. Bloomberg: MSFT Set to Name Satya Nadella CEO: https://investorplace.com/2014/01/bloomberg-msft-set-name-satya-nadella-ceo/#.UvD9c3lhOf0
  11. MSFT Stock: Could Microsoft CEO Succession Be a Killer?: https://investorplace.com/2014/01/msft-stock-ceo-succession-killer/#.UvD9xnlhOf0

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