Bill Gates quits as Microsoft chairman and Satya Nadella is named chief executive

Co-founder takes up new hands-on role as tech adviser as insider succeeds Ballmer

Bill Gates has quit as Microsoft chairman to take up a new role as technology adviser in a management shake-up that will see Satya Nadella become chief executive.

 The announcement ends a long search for a new chief after Steve Ballmer announced his intention to retire in August. Mr Nadella is only the third chief executive in Microsoft’s 39-year history, following co-founder Bill Gates and Steve Ballmer.

“During this time of transformation, there is no better person to lead Microsoft than Satya Nadella,” said Bill Gates in a statement. “Satya is a proven leader with hard-core engineering skills, business vision and the ability to bring people together. His vision for how technology will be used and experienced around the world is exactly what Microsoft needs as the company enters its next chapter of expanded product innovation and growth.”