From the AP:
Microsoft Corp. said after the bell Thursday that Chairman Bill Gates will transition out of a day-to-day role in the company to spend more time on his global health and education work at the Bill & Melinda Gates Foundation.
The company announced a two-year transition process to ensure that there is a smooth and orderly transfer of Gates’ daily responsibilities, and said that after July 2008 Gates would continue to serve as the company’s chairman and an adviser on key development projects.
More by following the link including Ray Ozzie named Chief Software Architect and Craig Mundie named as Chief Research and Strategy Officer.
Back in January we had mentioned rumblings that Gates had lost his “edge” and was more interested in his charity efforts.
Update: The official press release is here.
Update 2: Microsoft’s Don Dodge has more:
There will be other organizational changes over time. Some changes were announced today. they include…
* Rick Rashid will report to Craig Mundie
* David Vaskevitch, our CTO, will report to Ray Ozzie.
Update 3: CNET”s Scott Ard who attended the press conference reports that Gates made the announcement himself:
Gates explained that he has been working part-time for the Bill & Melinda Gates Foundation and full-time for a company that has made him the richest man in the word, and he wished to reverse those priorities.