Home / World News / Bill Gates steps down from Microsoft board; former AmEx CEO to replace him

Bill Gates steps down from Microsoft board; former AmEx CEO to replace him

Berkshire knows Chenault well, having long been American Express' largest shareholder, and ending 2019 with an 18.7% stake in the travel and financial services company.

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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,’ Gates said in a statement

Reuters

3 min read Last Updated : Mar 14 2020 | 10:42 PM IST

Warren Buffett’s Berkshire Hathaway Inc said on Friday that former American Express Co Chief Executive Officer Kenneth Chenault has been nominated to the conglomerate’s board of directors, replacing Microsoft Corp co-founder Bill Gates.

The change was disclosed in Berkshire’s annual proxy filing, ahead of its scheduled May 2 annual meeting.

Chenault, 68, led New York-based American Express from January 2001 to February 2018, and became one of the most prominent black CEOs in corporate America.

Berkshire knows Chenault well, having long been American Express’ largest shareholder, and ending 2019 with an 18.7% stake in the travel and

Topics : Bill Gates Microsoft Warren Buffett Berkshire Hathaway

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