Microsoft names CEO Satya Nadella as chairman

Microsoft on Wednesday named Chief Executive Officer Satya Nadella as its new chairman.
Microsoft CEO Satya Nadella
Satya Nadella took over as the software giant’s CEO in 2014, succeeding Steve Ballmer.

Microsoft said the company also appointed former chairman John Thompson as lead independent director.

In this role, Nadella will lead the work to set the agenda for the board, leveraging his deep understanding of the business to elevate the right strategic opportunities and identify key risks and mitigation approaches for the board’s review.

As lead independent director, Thompson will retain significant authority including providing input on behalf of the independent directors on board agendas, calling meetings of the independent directors, setting agendas for executive sessions, and leading performance evaluations of the CEO.