Satya Nadella named CEO of Microsoft

Microsoft on Tuesday announced Satya Nadella was going to be its next leader, betting on a long-time engineering executive to help the company keep better pace with changes in technology.

The expected selection of Nadella to replace Steve Ballmer was accompanied by news that founder Bill Gates had stepped down from his role as chairman and become technology advisor to Nadella.

‘I want Microsoft to be a do-more firm’

Highlights of Nadella’s letter to employees Our job is to ensure Microsoft thrives in a mobile and cloud-first world Our industry does not respect tradition — it only respects innovation We need to believe in the impossible and remove the improbable

WHO’S SATYA NADELLA?

Birth: In 1967 in Hyderabad Family: Has been married for 22 years and has 3 kids At MS: Is only the third CEO in Microsoft’s 39-year history; has been with the company for 22 years Interests: A cricket enthusiast; says he is defined by his curiosity and thirst for learning; buys more books than he can finish and signs up for more online courses than he can complete Education: Holds an engineering degree from Mangalore University, a Masters in Computer Science from the University of Wisconsin-Milwaukee and an MBA from University of Chicago Salary: Was paid $7.67 mn for the year ended June 30, according to compensation research firm Equilar Inc; had 454,062 shares of unvested stock, valued at $15.7 mn till then Earlier role: Led the creation of Microsoft’s cloud  computing services; was with Sun Microsystems before joining Microsoft