CEO Satya Nadella appointed as Microsoft chairman

Microsoft on Wednesday named CEO Satya Nadella as the company’s new Chairman.

After more than seven years as the top executive, Satya Nadella, 53, succeeds John Thompson, who will return to the role of lead independent director, a position he held before being named chairman in 2014, Microsoft said Wednesday in a statement.

The top-level executive modification comes just over a year after Bill Gates walked down from the board.

Under the headship of Nadella, Microsoft reclaimed the title of the world’s most valuable public company.