Breaking News: Bill Gates to step down

June 15, 2006

REDMOND, Wash. – Microsoft Corp. Chairman Bill Gates announced Thursday that he will transition from day-to-day responsibilities at the company he co-founded to concentrate on the charitable work of the Bill & Melinda Gates Foundation.

Gates will continue on as the company’s chairman after transferring his duties over a two-year period.

“This was a hard decision for me,” said Gates, who founded the world’s largest software company with childhood friend Paul Allen. “I’m very lucky to have two passions that I feel are so important and so challenging. As I prepare for this change, I firmly believe the road ahead for Microsoft is as bright as ever.”

Microsoft’s Chief Technical Officer Ray Ozzie will immediately assume Gate’s title as chief software architect and begin working side by side with Gates on overseeing all software technical design.

Source: MSNBC.com

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