Washington: Microsoft has named Hyderabad-born Satya Nadella as its new CEO to replace Steve Ballmer. Nadella, 47, will take over immediately, allowing Ballmer to retire early.
Microsoft founder Bill Gates is moving to a new role as technology adviser with John Thompson, a Microsoft board member and former Symantec CEO, assuming the role of chairman, the software giant announced.
"There is no better person to lead Microsoft than Satya Nadella," said Gates in a prepared statement.
Nadella's naming to the post, effective immediately, makes him the third CEO since the Redmond, Washington company was founded in 1975.
Microsoft also said that Gates will be working closely with Nadella in a new technology advisor role.
Nadela, 47, who grew up in Hyderabad attended Hyderabad Public School in Begumpet[2] before getting a Bachelor of Engineering in Electronics and Communication from the Manipal University.
After moving to the US, Nadella earned a Master of Science degree in Computer Science from the University of Wisconsin, Milwaukee, and a Master of Business Administration from the University of Chicago.
Nadella's appointment is interesting and possibly controversial for investors, Business Insider said noting that when Steve Ballmer stepped down it was because he thought Microsoft needed fresh blood.
Nadella, who has been with Microsoft for 22 years, since 1992, also ran Bing, and although Bing has never been Microsoft's crown jewel, Nadella helped it grow, it said.
Ballmer moved him from Bing to run Microsoft's $19 billion Server and Tools Business, pushing out long-time Microsoft exec Bob Muglia in the process.
Nadella was the one that helped bring some of Microsoft's most popular technologies, like its database, Windows server and developer tools, to the cloud, called Azure, Business Insider said.
He also helped Microsoft bring a cloud version of Microsoft Office to the cloud, Office 365. Microsoft says Office 365 one of its fastest growing products ever.
Cloud revenue grew to $20.3 billion in the last fiscal year (ended in June), from $16.6 billion when he took over in 2011.
Prior to Microsoft, he worked at Sun Microsystems, now owned by Oracle.
Should Ballmer and Gates depart, the software giant would be without its two most recognizable figures for the first time in its 39-year history, USA Today said. Microsoft has been searching for a new chief since Ballmer announced he was stepping down in August.
"If you were going to pick somebody who is an established Microsoft veteran, Nadella is the guy," reDesign analyst Rocky Agrawal, a former Microsoft employee, was quoted as saying by USA Today.
"He seems like the best bet. I would have been really disappointed if they had picked Stephen Elop given what happened with Nokia."
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