India markets close in 4 hours 41 minutes
  • BSE SENSEX

    51,924.23
    -654.53 (-1.24%)
     
  • Nifty 50

    15,549.25
    -197.20 (-1.25%)
     
  • USD/INR

    74.4750
    -0.0260 (-0.03%)
     
  • Dow

    35,058.52
    -85.79 (-0.24%)
     
  • Nasdaq

    14,660.58
    -180.14 (-1.21%)
     
  • BTC-INR

    2,978,720.25
    +227,098.50 (+8.25%)
     
  • CMC Crypto 200

    935.48
    +59.25 (+6.76%)
     
  • Hang Seng

    24,906.23
    -180.20 (-0.72%)
     
  • Nikkei

    27,520.12
    -450.10 (-1.61%)
     
  • EUR/INR

    88.0218
    -0.1200 (-0.14%)
     
  • GBP/INR

    103.2509
    -0.2336 (-0.23%)
     
  • AED/INR

    20.2310
    -0.0080 (-0.04%)
     
  • INR/JPY

    1.4711
    +0.0017 (+0.12%)
     
  • SGD/INR

    54.7440
    -0.0330 (-0.06%)
     

Microsoft appoints CEO Satya Nadella as company's chairman of board of directors

·2-min read

Microsoft on Wednesday named chief executive Satya Nadella as chair of its board, strengthening his grip on a pioneering US technology company he rejuvenated for a new age. Nadella was unanimously elected head of the Microsoft board of directors, where he will guide the agenda "leveraging his deep understanding of the business to elevate the right strategic opportunities and identify key risks," the company said in a post.

Nadella, who took over from Steve Ballmer in February 2014, made Microsoft more relevant in a new tech world led by mobile-focused rivals such as Apple and Google.

When Nadella took the reins as chief of Microsoft, some feared the technology giant was becoming a dinosaur.

Nadella is credited with bringing new energy to the company, founded in 1975, and long focused on packaged software for personal computers.

Early in his tenure, Nadella ordered a massive reorganisation, cutting some 18,000 jobs €" or 14 percent of the workforce €" under a plan aimed at simplifying the corporate structure and integrating the mobile division of Finland's Nokia.

Nadella, 53, made a priority of cloud computing, which has become a lucrative growth engine at the tech giant based in the Washington state city of Redmond.

Microsoft next week is to unveil a new generation of its Windows operating system, which market trackers say powers nearly three-quarters of the world's desktop computers.

Microsoft built its empire on software such as Windows and Office €" licensed to computer makers or sold in packages for installation on machines in homes or workplaces.

Under Nadella, Microsoft has put more focus on renting software and services hosted at data centers in the computing cloud, bulking up its Azure platform.

The era of the personal computer was rocked by the rise of smartphones and tablets, but saw a revival of sorts during the pandemic as people geared up homes for remote work, school and play.

Microsoft's board on Wednesday also announced a quarterly dividend of 56 cents per share, which will be paid out in September.

Also See: Microsoft Outlook for iOS gets voice capabilities for users to search, compose emails, and schedule meetings

Microsoft Windows' next generation to be unveiled on 24 June: All we know so far

Halo Infinite free-to-play multiplayer component to launch later this year on Xbox and PC

Read more on News & Analysis by Firstpost.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting