Resigned as Microsoft Chairman after nearly four decades
Gates resigned as non-executive Chairman of Microsoft's Board of Directors — a role he had held since co-founding the company — on the same day Satya Nadella was named CEO. Gates took on a new role as technology advisor, spending roughly a third of his time with the company for the next several years. The transition marked the formal end of Gates's operational connection to the company he had built over 39 years.
Source: https://news.microsoft.com/2014/02/04/satya-nadella-named-ceo-of-microsoft/
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