Archives for Resignation

Steve Balmer Leaves Microsoft Board

Former Microsoft Chief Executive Steve Ballmer quit his post as a company director after 14 years, giving new CEO Satya Nadella an even freer hand to reshape the company.

Mr. Ballmer, fresh off his $2 billion purchase of the Los Angeles Clippers basketball franchise, indicated that his duties as team owner, among other interests, wouldn’t leave enough time to stay on Microsoft’s board.

“I think it would be impractical for me to continue to serve on the board, and it is best for me to move off,” Mr. Ballmer said in a public letter to Mr. Nadella, who became CEO in February. “I see a combination of the Clippers, civic contribution, teaching and study taking a lot of time.”

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