Microsoft appoints a new CEO
The former head of cloud computing, Satya Nadella, has been promoted to lead Microsoft.
Microsoft has named Satya Nadella, head of its cloud computing and business services division, as its new chief executive.
Nadella, who joined in 1992, is only the third person to lead the Seattle-based computing giant in its 39-year history, following Steve Ballmer, who stepped down last August, and co-founder Bill Gates. Gates has been replaced as chairman, reducing his influence. He is to take a more hands-on role as technology adviser'.
What the commentators said
It became the biggest tech group in the world thanks to its ubiquitous Windows software on PCs. Windows still runs nine out of ten desktop and laptop computers in the world. But it has lagged in recent years in internet computing and mobile computing devices.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Its search engine, Bing', has failed to make a dent in Google's version, while its efforts to produce hardware to rival the likes of Apple's iPhone have proved too little, too late, said Katherine Rushton in The Daily Telegraph.
But Nadella looks a "solid" choice, said Robert Cyran on Breakingviews. He used to lead the cloud computing and enterprise group. Selling business software related to internet data storage is one of the fastest-growing divisions at Microsoft and "represents the company's future" it's what the group does best.
Focusing on this, and shedding the consumer and hardware operations, looks the best bet. Now that "the old guard is slipping into the background", Nadella has scope to "slowly turn Microsoft toward a more focused, and potentially valuable, future".
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Energy bills to rise by 1.2% in January 2025
Energy bills are set to rise 1.2% in the New Year when the latest energy price cap comes into play, Ofgem has confirmed
By Dan McEvoy Published
-
Should you invest in Trainline?
Ticket seller Trainline offers a useful service – and good prospects for investors
By Dr Matthew Partridge Published