Microsoft names CEO Satya Nadella as chairman

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Satya Nadella is now even more powerful at Microsoft.

The tech giant's CEO was named chairman of the board Wednesday, elevating his current role atop one of the world's most valuable companies. Nadella, who has served as chief executive since 2014, has helped transform the PC maker into a leader in cloud computing in recent years, resulting in blockbuster earnings and a market cap of close to $2 trillion. Microsoft said in a statement that Nadella had been"unanimously elected" to replace John Thompson in the position.

The allegations came just under two weeks after the announcement of Gates' divorce from his wife of 27 years, Melinda French Gates.Since then, Microsoft has faced intense scrutiny over its workplace culture.On Wednesday, an activist investor urged the tech giant to do more to combat sexual harassment following the allegations, saying it should examine"the culture set by top leadership.

 

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