Bill Gates is Retiring from Microsoft!

In a stunning announcement on Thursday, June 15, 2006, Bill Gates announced his retirement from Microsoft! Gates said that he will gradually step down from his current role. Gates will give up the title of chief software architect immediately, but will remain a full-time employee for the next two years. In July 2008, he will become a part-time employee and chairman.

Microsoft Chief Technical Officers (CTO's) Ray Ozzie and Craig Mundie will begin handling Bill Gate's current responsibilities at Microsoft. Ray Ozzie is immediately assuming the title of chief software architect, Gates said. And Craig Mundie, CTO for advanced strategies and policy, is immediately taking the new title of chief research and strategy officer. Mundie will assume Bill Gates' responsibilities for Microsoft's research and incubation efforts.

According to Gates, he will work with Ray Ozzie throughout the transition period, but in 12 months, Ozzie and Mundie will begin reporting directly to Microsoft CEO Steve Ballmer.

Bill Gates co-founded Microsoft about 30 years ago, and is the man everyone associates with Microsoft. His role at Microsoft has made him the richest man in the world. Working with his wife, he has for some time been working part-time for the Bill & Melinda Gates Foundation. He now plans to work full-time for the charitable foundation, saying he wishes to reverse his priorities. "The world has had a tendency to focus a disproportionate amount of attention on me," Gates said.

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