Boston, MA 02/06/2014 (wallstreetpr) – The world’s largest software maker Microsoft Corporation (NASDAQ:MSFT) has appointed John Thompson as the man to take over the chairman of the board replacing the long serving and co-founder Bill Gates who is taking a back seat in management. MSFT is looking at the veteran technology executive as the main voice of the company in the coming future. The appointment of Thompson and Nadella signals continuity in the company as the company would have chosen an outsider but opted for insiders. Bill Gates is retiring from his post as he wants to help Nadella in propelling the structural changes of MSFT as the company tries to get its footing in the mobile sector with the acquisition of their new $7.2 billion Nokia Corporation.
Thompson responsibilities at MSFT
Microsoft Corporation (NASDAQ:MSFT) has been engulfed with a decline of its key products something that Nadella and Thompson will need to work together in a bid to boost the company position in the market. Thompson was quoted as saying ““looking forward to working closely with Satya and other members of the board. The board is always focused on long-term success of this great company and takes seriously its responsibilities to shareholders to ensure long-term success”
MSFT should focus more on enterprise and cloud according to ValueAct
There has been calls from ValueAct that Microsoft Corporation (NASDAQ:MSFT) should try to focus more on its enterprise and cloud business which have been showing good signs of improvement in the market. The unchaining of MSFT software’s to be compatible with other devices such as those from Apple and Samsung Electronics has also been mooted. ValueAct wants MSFT to reduce its reliance on Windows and focus more on trying to increase its market share by allowing its products to be available to 3rd party mobile platforms
Microsoft Corporation (NASDAQ:MSFT) closed the day at a low of $35.82 on Wednesday
