Today, Microsoft announced a shakeup on the board side of the company by announcing that Reed Hastings will not be seeking re-election.
Here's what Steve Ballmer, Microsoft CEO, had to say about the departure:
Reed has been a terrific board member, and his insights and experience have really helped guide us through a critical period of transformation for both Microsoft and the industry.
To say that Hastings is a busy person is an understatement. He currently sits on the boards of Netflix, Facebook and Dreambox Learning. Oh, he's also the CEO of Netflix. Regarding leaving Microsoft's board, here's what Hastings had to say:
I'm thrilled to have served on the board at such a pivotal time for Microsoft, including the development of Windows 8, Windows RT and Microsoft Surface, which will bring exciting new opportunities for customers and the industry as a whole. I've decided to reduce the number of boards I serve on, so that I can focus on Netflix and on my education work.
Since joining Microsoft's board in 2007, Hastings has brought a fresh perspective to the company that is trying extremely hard to become relevant in the consumer space again. As Hastings noted, the Surface could assist with that.
Some of the board members seeking re-election are Bill Gates, the current Microsoft Chairman, current CEO Steve Ballmer and former CFO, Dina Dublon.
[Photo credit: Flickr]
This is developing.
This story originally appeared in TechCrunch.
