Satya Nadella, chief executive officer of Microsoft, reacts as he attends Microsoft's Young Innovators' Summit in New Delhi, India, on Feb. 26, 2020. Anushree Fadnavis/File/Reuters
Microsoft on Wednesday named Chief Executive Officer Satya Nadella as its new chairman, in place of John Thompson.
Nadella, who took over as CEO in 2014 from Steve Ballmer, has been instrumental in scaling up its business including billion-dollar acquisitions like LinkedIn, Nuance Communications, and ZeniMax.