Former president of Microsoft’s business software division Jeff Raikes has joined the Bill and Melinda Gates foundation as chief executive, following the resignation of Patty Stonesifer.
The move will be effective as of September, when Raikes' phased resignation from Microsoft is completed.
Over the past ten years the Gates Foundation has given away more than $16 billion to various global causes, and has an endowment of $37.3 billion.
“I'm absolutely thrilled to be joining the Gates Foundation,” said Raikes. “This is truly a dream job.”
"At Microsoft, the magic of software is used to take on very interesting challenges. Here, you have a similar situation, where the use of technology, and systems thinking is used to take on very complex problems in society."
Link: The Associated Press