Bill Gates steps down from Microsoft, Berkshire Hathaway boards

FILE - In this April 21, 2018, file photo, Bill Gates speaks in Washington. AP Photo/Jose Luis Magana, File

Microsoft Corp co-founder Bill Gates, who made the company one of the world’s most valuable technology firms, stepped down from the board on Friday to focus on philanthropic works related to global health, education and climate change.

The billionaire and his wife Melinda run one of the world’s largest charities, the Gates Foundation, which has billions in assets and funds global health programs to combat disease and poverty.

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Gates quit his full-time executive role at Microsoft in 2008 and remained as chairman of the board till 2014. Since then he has been a board member.

Gates also stepped down from the board of Warren Buffett’s Berkshire Hathaway Inc, where he has served since 2004.

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“I have made the decision to step down from both of the public boards on which I serve – Microsoft and Berkshire Hathaway – to dedicate more time to philanthropic priorities including global health and development, education, and my increasing engagement in tackling climate change,” Gates said in a LinkedIn blog on Friday.

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With the departure of Gates from Microsoft Board, it will now consist of 12 members, the company said.

“It’s been a tremendous honor and privilege to have worked with and learned from Bill over the years,” Microsoft’s Chief Executive Officer Satya Nadella said.

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