Bill Gates, co-founder and former CEO of Microsoft, is stepping down from the board of the company. Gates previously served as CEO of Microsoft until 2008 when he stepped down from the position in order to spend more time on the Bill and Melinda Gates Foundation.
Gates stepping down from the board is apparently due to similar motivations, with a press release announcing the news citing a desire to “dedicate more time to his philanthropic priorities.” Gates will still serve as a “technology advisor” to current CEO Satya Nadella.
“It’s been a tremendous honor and privilege to have worked with and learned from Bill over the years. Bill founded our company with a belief in the democratizing force of software and a passion to solve society’s most pressing challenges. And Microsoft and the world are better for it,” Nadella commented in a statement.
“The board has benefited from Bill’s leadership and vision. And Microsoft will continue to benefit from Bill’s ongoing technical passion and advice to drive our products and services forward. I am grateful for Bill’s friendship and look forward to continuing to work alongside him to realize our mission to empower every person and every organization on the planet to achieve more.”