Washington: Microsoft has named Hyderabad-born Satya Nadella as its new CEO to replace Steve Ballmer. Nadella, 46, will take over immediately, allowing Ballmer to retire early.
Microsoft founder Bill Gates is moving to a new role as technology adviser with John Thompson, a Microsoft board member and former Symantec CEO, assuming the role of chairman, the software giant announced.
"There is no better person to lead Microsoft than Satya Nadella," said Gates in a prepared statement.
Nadella's naming to the post, effective immediately, makes him the third CEO since the Redmond, Washington company was founded in 1975.
Nadella is a 22-year veteran of Microsoft who has been overseeing various aspects of the company's corporate software business since 1992.
Microsoft also said that Gates will be working closely with Nadella in a new technology advisor role.