Nadella Named CEO

In Feb. 2014, Microsoft's board of directors named Satya Nadella, a Microsoft veteran, as its third Chief Executive Officer (CEO), immediately replacing Steve Ballmer. The appointment of a Microsoft executive along with Gates's new role as an advisor to the CEO, indicates Nadella will likely continue to execute on the devices and services strategy formalized by Ballmer's reorganization of the company's businesses in 2013.

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