Microsoft Corp. announced late Thursday (15th June) that Bill Gates was immediately handing over his role as chief software architect to Chief Technology Officer Ray Ozzie and will transition out of his day-to-day role at the world's largest software company over the next two years.
Gates, Microsoft's chairman, said he made the decision to give up his daily involvement with the company he co-founded in order to devote more of his time to global health and education work through the Bill and Melinda Gates Foundation.
During a conference call to discuss his plans, Gates emphasized that he wasn't retiring but rather "reordering" his priorities.
The Redmond based company said Gates would make the transition over two years in order to ensure a "smooth and orderly" transfer of his responsibilities.
After 2008, Gates will continue to serve as chairman and an adviser on key development projects.
Ozzie will immediately take on Gates' title of chief software architect and begin working with Gates on all technical architecture and product oversight.
(Tip : Marketwatch )