Gates to give up daily role at Microsoft
By ASSOCIATED PRESS
Published June 16, 2006
REDMOND, Wash. - Microsoft Corp. chairman Bill Gates said Thursday he will transition out of a day-to-day role at the company he cofounded to spend more time on global health and education work at the Bill & Melinda Gates Foundation.
The company announced a two-year transition to ensure that there is a smooth transfer of Gates' daily responsibilities. Gates will continue to serve as the company's chairman and an adviser on key development projects after July 2008, the company said.
"This was a hard decision for me," Gates, 50, said in a statement. "I'm very lucky to have two passions that I feel are so important and so challenging. As I prepare for this change, I firmly believe the road ahead for Microsoft is as bright as ever."
Chief technical officer Ray Ozzie will immediately assume the title of chief software architect and begin working with Gates on all technical and product oversight responsibilities, Microsoft said.
Craig Mundie, another chief technical officer, will immediately take the new title of chief research and strategy officer and will work with Gates on the company's research and incubation efforts.
Mundie also will partner with general counsel Brad Smith to guide Microsoft's intellectual property and technology policy efforts, Microsoft said.
[Last modified June 16, 2006, 07:30:37]
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