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Jan. 21 (Bloomberg) -- Microsoft Corp. Chairman Bill Gates will work on philanthropy full time for the rest of his life and that he'll contribute part time as a board member of the software maker, which is seeking a new chief executive officer.
Gates, speaking in an interview on Bloomberg Television's "In the Loop with Betty Liu," didn't indicate whether Microsoft's board was closer to choosing a replacement for CEO Steve Ballmer, who is retiring this year.
The Microsoft co-founder has emphasized the need to find a CEO with "the ability to lead a highly technical organization and work with top technical talent." Lead independent director John Thompson, who is heading the search committee, has said the board plans to make its decision in the "early part of 2014." Ballmer, CEO since 2000, said in August that he planned to retire from the company within a year.
"The board is doing important work right now," said Gates, who created the Bill & Melinda Gates Foundation with his wife in 2000. "The foundation is the biggest part of my time. I put in part-time work to help as a board member. My full-time work will be the foundation for the rest of my life. I will not change that."
--Editors: Reed Stevenson, Cecile Daurat
To contact the reporters on this story: Dina Bass in Seattle at dbass2@bloomberg.net; Betty Liu in New York at bliu17@bloomberg.net
To contact the editor responsible for this story: Pui-Wing Tam at ptam13@bloomberg.net
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