It's official: Microsoft (MSFT) has named enterprise/cloud product chief Satya Nadella its new CEO, ending a 14-year run by Steve Ballmer. Bill Gates is resigning as chairman, and will begin a new role as a "technology adviser."
Lead independent director John Thompson is Microsoft's new chairman. Gates and (for now) Ballmer will remain on the board, and Nadella will join it.
Microsoft adds Gates will (as rumored) "spend more time at the company." He's expected to once again be closely involved in product development.
MSFT +0.7% premarket.
Nadella's e-mail to Microsoft employees.