Bill Gates has announced he will be stepping down from the software giant he and long-time friend Paul Allen created over four decades ago, Microsoft. Gates said in a statement Friday
“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,”
Many have speculated Gates would soon be stepping down anyways after years of slowly been stepping back from Microsoft. He left his day-to-day role at the company in 2008 and served as the board’s chairman until 2014. The company said he wants to devote more of his time to his philanthropy at the Bill & Melinda Gates Foundation, one of the world’s biggest nonprofit organizations, which was started with the billions of dollars he made from Microsoft.