FLASHBACK NEWS: Bill Gates Steps Down As CEO Of Microsoft

Microsoft yesterday made an official announcement, disclosing that its company veteran Satya Nadella is its next chief executive Officer, a widely expected choice that also returns co-founder Bill Gates to a high-profile role in helping the company confront its challenges.

Mr. Gates, who had been serving as chairman, will become a technology adviser and devote more time to the company, supporting Mr. Nadella in shaping technology and product direction, the company said. John Thompson, who was formerly the lead director, will become chairman.

Mr. Nadella, who takes his new position immediately, becomes the third CEO since the company was founded 39 years ago. Mr. Gates will however remain on the board of directors.
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