Microsoft has named CEO Satya Nadella as chair of its board, replacing independent director John Thompson who succeeded Bill Gates as chair in 2014 (Jordan Novet/CNBC)

Jordan Novet / CNBC:
Microsoft has named CEO Satya Nadella as chair of its board, replacing independent director John Thompson who succeeded Bill Gates as chair in 2014  —  – Satya Nadella, Microsoft’s CEO, is becoming the software company’s chair, after running the company for seven years, when he replaced Steve Ballmer.