Report: Microsoft Picks New CEO, May Replace Gates as Chairman

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!
1 min read
This story originally appeared on CNBC

Microsoft will name Satya Nadella as its CEO, according to Bloomberg, following the tech giant's several-month long search for a new leader.

Additionally,the company's board is considering replacing Bill Gates as chairman, according to Bloomberg, citing sources.

Nadella is currently the chief of Microsoft's enterprise and cloud business. Nadella emerged weeks ago as one of the candidates to replace departing CEO Steve Ballmer, according to Bloomberg, citing sources familiar with the search.

The company considered internal and external candidates for the position including Ford CEO Alan Mullaly.

Microsoft was slightly higher in after-hours trading,extending gains from the regular session Thursday.

Related: Bill Gates Gets Teary-Eyed Talking About Search for New Microsoft CEO

 

More from Entrepreneur

Get heaping discounts to books you love delivered straight to your inbox. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Let us help you take the NEXT step. Whether you have one-time projects, recurring work, or part-time contractors, we can assemble the experts you need to grow your company.

Latest on Entrepreneur