Microsoft names CEO Satya Nadella as chairman
June 17, 2021. Summarized by summa-bot.
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BELLEVUE, WA - NOVEMBER 30: Microsoft CEO Satya Nadella addresses shareholders during the 2016 Microsoft Annual Shareholders Meeting at the Meydenbauer Center November 30, 2016, 2016 in Bellevue, Washington. The company posted $22.3 billion in profits for the 2016 fiscal year. (Photo by Stephen Brashear/Getty Images)
Satya Nadella is now even more powerful at Microsoft.
Microsoft (MSFT) said in a statement that Nadella had been "unanimously elected" to replace John Thompson in the position.
Gates' representatives have acknowledged the relationship, which reportedly took place while he was chairman of the board.
Microsoft's board has said that it launched an investigation into the matter two years ago.
Gates left the board in early 2020, though a spokesperson for the billionaire has said that the decision was unrelated to the probe.
In a shareholder resolution, impact investment firm Arjuna Capital called on Microsoft to release an annual transparency report detailing its sexual harassment policies and investigations into alleged incidents across the company.
Nadella has personally addressed the allegations against Gates, saying in an interview with CNBC last month that "the Microsoft of 2021 is very different from the Microsoft of 2000. "