REDMOND, Wash., March 14, 2017 /PRNewswire/ -- Microsoft
Corp. on Tuesday announced the appointment of Reid Hoffman, co-founder of LinkedIn, to its
board of directors effective immediately.
Microsoft also announced its board of directors declared a
quarterly dividend of $0.39 per
share. The dividend is payable June 8,
2017, to shareholders of record on May 18, 2017. The ex-dividend date will be
May 16, 2017.
Hoffman, 49, has been with Greylock Partners, where he is
currently a partner, for the past seven years. He co-founded
LinkedIn in 2002, and before that he served as an executive vice
president at PayPal. He currently serves on the boards of Edmodo,
Convoy and Blockstream. In addition, he serves on several
not-for-profit boards, including Wrapp and Kiva.org, and the chair
of the West Coast advisory board for QuestBridge.
"We continually evaluate opportunities to bring fresh thinking
and new perspectives to our board, and Reid's appointment reflects
that," said John W. Thompson,
Microsoft chairman. "His expertise will be a valuable
addition."
"I've long admired Reid's ability to identify disruptive
technologies and the passion we share for how digital platforms can
create new opportunity for people around the world," said
Satya Nadella, CEO, Microsoft. "As a
board member, Reid's leadership and strategic perspective will help
chart the future of our company as we aim to empower every person
and every organization on the planet to achieve more."
Adding Hoffman to the board increases Microsoft's board to 12
members.
Hoffman will be appointed to the Regulatory and Public Policy
Committee.
In addition to Hoffman, Microsoft's board of directors consists
of John W. Thompson, Microsoft
independent chairman; William H.
Gates, Microsoft founder and technology advisor;
G. Mason Morfit, president, ValueAct
Capital; Satya Nadella, chief
executive officer, Microsoft; Charles H.
Noski, former vice chairman of Bank of America Corp.;
Sandra E. Peterson, executive vice
president, Group Worldwide Chairman for Johnson & Johnson; Dr.
Helmut Panke, former chairman of the
board of management at BMW AG; Charles W.
Scharf, former chief executive officer of Visa Inc.;
John W. Stanton, chairman, Trilogy
Equity Partners and Trilogy International Partners; Teri List-Stoll, executive vice president and
chief financial officer of Gap Inc.; and Padmasree Warrior, chief development officer of
NextEV, and chief executive officer of U.S. for NextEV.
Microsoft (Nasdaq "MSFT" @microsoft) is the leading platform and
productivity company for the mobile-first, cloud-first world, and
its mission is to empower every person and every organization on
the planet to achieve more.
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SOURCE Microsoft Corp.