Microsoft has announced that it has elected CEO Satya Nadella as the chairperson for its board of directors. He will be replacing John W. Thompson who will now be the lead independent director.
Satya Nadella replaced Steve Ballmer as Microsoft’s CEO back in 2014 and since then, the company’s stock price has skyrocketed from roughly $38 in February 2014 — when this transition occurred — to $257 right now. Now, Microsoft has announced that Nadella will assume a new role in addition to his current one, and will be the chairperson for its board of directors.
