Satya Nadella gets appointed as Microsoft chairman

Microsoft Corporation recently announced that the board’s independent directors unanimously elected Satya Nadella to the role of board chair, and unanimously elected John W Thompson as lead independent director, a role he held previously from 2012 to 2014.

In this role, Nadella will lead the work to set the agenda for the board, leveraging his deep understanding of the business to elevate the right strategic opportunities and identify key risks and mitigation approaches for the board’s review. As lead independent director, Thompson will retain significant authority including providing input on behalf of the independent directors on board agendas, calling meetings of the independent directors, setting agendas for executive sessions, and leading performance evaluations of the CEO.

In addition to these role changes, the board declared a quarterly dividend of $0.56 per share. The dividend is payable 9 September 2021, to shareholders of record on 19 August 2021. The ex-dividend date will be 18 August 2021.