Bill Gates to Step Down From Microsoft, Berkshire Hathaway Boards

Bill Gates to Step Down From Microsoft, Berkshire Hathaway Boards

Bill Gates has announced that he is stepping down from the boards of Microsoft and Berkshire Hathaway to focus on his work at the Bill & Melinda Gates Foundation.

In a LinkedIn post, Gates indicated that his philanthropic priorities going forward include global health and development, education, and climate change. Last month, the foundation pledged $100 million to help address the coronavirus pandemic, including efforts to provide at-home coronavirus test kits so those at risk of infection in the Seattle area, where the foundation is headquartered, can be tested. Gates has not worked at Microsoft full time since 2008, and he stepped down as chairman six years ago when current CEO Satya Nadella was hired to run the company. Gates said he continues to serve as an advisor to Nadella.

"I have made the decision to step down from both of the public boards on which I serve — Microsoft and Berkshire Hathaway — to dedicate more time to philanthropic priorities," Gates wrote. "The leadership at the Berkshire companies and Microsoft has never been stronger, so the time is right to take this step." 

"Bill founded our company with a belief in the democratizing force of software and a passion to solve society's most pressing challenges. And Microsoft and the world are better for it," said Nadella. "The board has benefited from Bill's leadership and vision. And Microsoft will continue to benefit from Bill's ongoing technical passion and advice to drive our products and services forward." 

"Focusing My Time." LinkedIn 03/13/2020.