Board Member Retiring

Ann McLaughlin Korologos, a member of Microsoft’s board of directors since Jan. 2000, will not seek reelection at the company’s Nov. 2006 shareholders’ meeting. This leaves nine members, seven of whom are not employees—enough outsiders to fill all board committees and for the board to maintain a reasonable degree of independence. The company has not said whether it will seek a replacement, but it has generally replaced resigning board members within a year.

Korologos’s decision was prompted by “increasing demands on her time from other professional and personal commitments,” according to Microsoft. She is the chairman of the board of trustees for the Rand Corporation, a think tank, and chairman emeritus of the Aspen Institute, a nonprofit educational institution that conducts seminars and conferences on public policy issues. She also served as the U.S. Secretary of Labor under President Ronald Reagan from 1987 to 1989.

On the Microsoft board, Korologos has served as the chair of the Compensation Committee and sat on the Audit and Finance Committees.