Microsoft Chairman Bill Gates announced today that he will transition out of his role beginning in July 2008 and spend more time working for his foundation.
Currently, Gates works full time at Microsoft and part time at the Bill & Melinda Gates Foundation, which focuses on global health and poverty issues. Beginning two years from now, Gates said, he will work full time for the foundation and part time for Microsoft.
He announced the change two years in advance because “it gives us the time to make a strong transition and provides the full transparency we think is best.”
Gates founded Microsoft in 1975 with Paul Allen. The company went public in 1986, and Gates served as chairman and CEO until 2000, when Steve Ballmer took over the position.
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