Microsoft announced Tuesday that its board of directors has approved the appointment of its chairman Brad Smith as vice chairman. The move comes months after Satya Nadella joined the board as chairman, when he replaced Steve Ballmer as CEO in 2014.
The appointment comes after a quarter of a century of contributions from the software and hardware maker, including addressing the antitrust concerns of regulators.
“This reflects the unique leadership role Brad plays with the company, our board of directors and for me, governments and other external stakeholders around the world,” Nadella said in a statement.
Smith, 62, is Microsoft’s top lawyer and regularly represents the software publisher in political discussions. According to a biography posted on Microsoft’s website, he is one of Microsoft’s top executives, leading more than 1,500 people in legal and business affairs in 54 countries.
Microsoft acknowledged their work on sustainability, responsible artificial intelligence, COVID-19 external efforts and employee diversity in fiscal 2020 in its most recent proxy statement, saying they received 16.7 million dollars in total annual compensation. According to FactSet, Smith owns approximately 732,000 Microsoft shares, worth approximately $ 217 million.
He joined Microsoft in 1993 after leaving the Covington & Burling law firm to lead Microsoft’s legal and business affairs in Europe, and became Microsoft’s general counsel in 2002. Over the following decade, he served. handled the resolution of antitrust cases, according to biographers.
Smith became president of Microsoft and joined the Netflix board in 2015. She is the author with Carol Ann Brown of the 2019 book “Tools and Weapons: The Promise and the Peril of the Digital Age”, which discusses privacy and security.
Microsoft has said Smith will continue to report to Nadella.
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