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Microsoft names new CEO; Bill Gates leaves post as chairman

This handout image provided by Microsoft February 4 2014 shows new CEO SatyNadella.  Microsoft said Tuesday thfounder Bill Gates

This handout image provided by Microsoft on February 4, 2014 shows the new CEO Satya Nadella. Microsoft said Tuesday that founder Bill Gates was stepping down as chairman to become a technology adviser to the tech giant as Indian-born Satya Nadella was named chief executive officer. Indian-born Nadella, who becomes the third CEO at Microsoft, has been executive vice president of its Cloud and Enterprise group. Nadella replaces Steve Ballmer who is retiring. /AFP/Getty Images

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Updated: February 4, 2014 9:00AM

REDMOND, Wash. — Microsoft has named Satya Nadella, an executive in charge of the company’s small, but growing business of delivering software and services over the Internet its new CEO. Company founder Bill Gates is also leaving the chairman role for a new role as technology adviser.

Nadella, who is 46, replaces Steve Ballmer and becomes only the third leader in the software company’s 38-year history.

Nadella, a 22-year Microsoft veteran, has been an executive in some of the company’s fastest-growing and most-profitable businesses, including Office and its server and tools business. He earned an MBA from the University of Chicago Booth School of Business in 1997.

The company says Gates’ new role will be as a technology adviser on the board and that he will devote more time to the company. John Thomson will be the company’s new chairman.

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