Andre Yoskowitz
30 Jan 2014 20:20
Microsoft's board of directors are preparing to name current enterprise and cloud head Satya Nadella as the new CEO for the software giant.
Additionally, founder Bill Gates may be replaced as chairman, possibly by Microsoft lead independent director John Thompson. Gates would stay on for product development, however.
Outgoing CEO Steve Ballmer will leave the company once the replacement is selected, and investors are eagerly awaiting that time as Ballmer's tenure has been marred by failed expensive decisions.
Nadella joined Microsoft in 1992, and has been a high-level executive in divisions for cloud services, server software, Internet search and business applications. Microsoft has been moving towards hardware and cloud services, while continuing to print money through their legacy Windows and Office software.
In just two years, Nadella has boosted revenue 20 percent for Microsoft's server businesses (now cloud and enterprise).