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6/17, 12:56 AM (Source: TeleTrader)
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Microsoft CEO Nadella becomes board chair

Independent directors of Microsoft Corp.'s board unanimously decided to elect CEO Satya Nadella as board chair.

Nadella, who will retain the CEO post in addition to the new role, "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," the company specified. At the same time, John W. Thompson has been reappointed as the lead independent director.

The tech giant also announced that quarterly dividends will amount to $0.56 per share and that they will be payable on September 9 to shareholders who are registered on August 19.

Breaking the News / MS