Microsoft names new CEO

Image courtesy Microsoft

Microsoft on Tuesday announced the promotion of Satya Nadella as its new chief executive officer, who takes over the reigns of retiree Steve Ballmer. The Indian-born Nadella was formerly the executive vice president of its Cloud and Enterprise group. The tech giant also announced that founder Bill Gates would step down as chairman to become a technology adviser. Taking his place is John Thompson, a lead independent director. Microsoft has slowly lost ground in the industry as consumers move away from traditional PC devices to mobile devices. Nadella is a native of Hyderabad, India and earned degrees from Mangalore University, the University of Wisconsin and the University of Chicago.

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