Microsoft co-founder Bill Gates is stepping down from the company’s board to spend more time on philanthropic activities.Gates previously served as CEO of Microsoft until 2000 when he stepped down from the position in order to spend more time on the Bill and Melinda Gates Foundation. Microsoft is currently under CEO Satya Nadella.
He has also left the board of Warren Buffett’s massive holding company, Berkshire Hathaway. Mr Gates has served on Berkshire’s board since 2004.
Gates explained the move on Friday in a brief LinkedIn post.The reason for these departures, Gates wrote, was “to dedicate more time to philanthropic priorities including global health and development, education, and my increasing engagement in tackling climate change.”
As a young man,Gates dropped out of college and moved to Albuquerque, in New Mexico, where he set up Microsoft with his childhood friend, Paul Allen, who died in 2018. Their big break came in 1980 when Microsoft signed an agreement with IBM to build the operating system that became known as MS-DOS.
Microsoft went public in 1986 and within a year Bill Gates, at 31, had become the youngest self-made billionaire.