Microsoft Corp named company veteran Satya Nadella as its next chief executive officer on Tuesday, ending a longer-than-expected search for a new leader after Steve Ballmer announced his intention to retire in August. Nadella is only the third CEO in Microsoft's 39-year history, following co-founder Bill Gates and Ballmer. Microsoft also said John Thompson, lead independent director, would succeed Gates as chairman. Microsoft faces a slow erosion of its PC-centric Windows and Office franchises and needs to somehow challenge Apple Inc and Google Inc in the new realm of mobile computing.
via Business News - Yahoo Finance http://ift.tt/1ao4eK3
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