Tech Billionaire, Bill Gates, has stepped down from his executive role at Microsoft saying he wants to focus on philanthropy, global health, development, education and tackling climate change.
Gates who is the worldâ€™s second richest man with a net worth of $106.7 billion, also announced he had left the board of Warren Buffettâ€™s company, Berkshire Hathaway.
Bill Gates was CEO of Microsoft until 2000 when Steve Ballmer took over the role and has held a not too active role since 2008.
â€œI have made the decision to step down from both of the public boards on which I serve â€“ Microsoft and Berkshire Hathaway â€“ to dedicate more time to philanthropic priorities including global health and development, education, and my increasing engagement in tackling climate change,â€ Gates said on LinkedIn on Friday.
â€œThe leadership at the Berkshire companies and Microsoft has never been stronger, so the time is right to take this step.â€
Announcing the move, Mr Gates said the company would â€œalways be an important part of my lifeâ€™s workâ€ and he would continue to be engaged with its leadership.
â€œWith respect to Microsoft, stepping down from the board in no way means stepping away from the company,â€ Gates said. â€œMicrosoft will always be an important part of my lifeâ€™s work and I will continue to be engaged with Satya and the technical leadership to help shape the vision and achieve the companyâ€™s ambitious goals. I feel more optimistic than ever about the progress the company is making and how it can continue to benefit the world.â€