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Microsoft Ends CEO Search, Taps Nadella

After an exhaustive search process, Microsoft (NASDAQ:MSFT) announced plans on Tuesday to hire 20-year veteran exec Satya Nadella as its new CEO and transition founder Bill Gates to a new role as technology adviser.The moves come during a time of great change at Microsoft, which is attempting to transform itself from an aging software behemoth to a more nimble devices-and-services company."During this time of transformation, there is no better person to lead Microsoft than Satya Nadella," Gates said in a statement. "His vision for how technology will be used and experienced around the world is exactly what Microsoft needs as the company enters its next chapter of expanded product innovation and growth." Nadella, who joined Microsoft in 1992 and had been serving as enterprise chief, instantly becomes one of the most powerful Indian-born executives in the world.Microsoft said its board of directors agreed to appoint Nadella as CEO and a member of the board effective immediately. He repla...

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