News: Satya Nadella changes two directors

Strategic HR

Satya Nadella changes two directors

Microsoft Corp. increased its dividend by 11% and is replacing two long time directors when they retire this year, as chief executive officer Satya Nadella puts his own stamp on the software maker. The Redmond, Washington-based company said in a statement on its blog on Tuesday that it is raising its quarterly dividend by 3 cents to 31 cents a share. The two departing directors are Dave Marquardt and Dina Dublon, with Kraft Foods Group Inc. chief financial officer Teri List-Stoll and Visa Inc. CEO Charles Scharf joining the board. Nadella has been aggressive in making changes at Microsoft since he became CEO in February, replacing Steve Ballmer. Nadella has shuffled management, emphasized making Microsoft’s software products available for all types of devices, and announced 18,000 job cuts. Earlier this week, Microsoft said it would buy Mojang AB, the maker of the Minecraft video game, for $2.5 billion, in Nadella’s first deal as CEO.

Microsoft Corp. increased its dividend by 11% and is replacing two long time directors when they retire this year, as chief executive officer Satya Nadella puts his own stamp on the software maker. The Redmond, Washington-based company said in a statement on its blog on Tuesday that it is raising its quarterly dividend by 3 cents to 31 cents a share. The two departing directors are Dave Marquardt and Dina Dublon, with Kraft Foods Group Inc. chief financial officer Teri List-Stoll and Visa Inc. CEO Charles Scharf joining the board. Nadella has been aggressive in making changes at Microsoft since he became CEO in February, replacing Steve Ballmer. Nadella has shuffled management, emphasized making Microsoft’s software products available for all types of devices, and announced 18,000 job cuts. Earlier this week, Microsoft said it would buy Mojang AB, the maker of the Minecraft video game, for $2.5 billion, in Nadella’s first deal as CEO.

Read the LiveMint news report here.

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Topics: Strategic HR, #Corporate, #Current

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