Microsoft has announced Bill Gates is leaving the board and stepping down from his position on the board of Berkshire Hathaway to spend time on philanthropic activities.
"I have made the decision to step down from both of the public boards on which I serve – Microsoft and Berkshire Hathaway – to dedicate more time to philanthropic priorities including global health and development, education, and my increasing engagement in tackling climate change," Gates, one of the richest men in the world, wrote on LinkedIn.
"The leadership at the Berkshire companies and Microsoft has never been stronger, so the time is right to take this step."
READ MORE:
• Bill Gates - the billionaire who wants to pay more tax
• Jeff Bezos loses spot as world's richest man to Bill Gates
• $600b 'mistake': Microsoft founder Bill Gates says losing to Android was his biggest failure
"With respect to Microsoft, stepping down from the board in no way means stepping away from the company," Gates said.
