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Indian-American Named Microsoft CEO

Microsoft has named Indian-American Satya Nadella as its next chief executive officer.

Nadella is the third leader in the software company's history, after company founder Bill Gates and Steve Ballmer, who announced plans to retire last August.

The new CEO has been an executive in charge of delivering software and services over the Internet.

Microsoft also announced that Gates is leaving the chairman role for a new role as "technology adviser." John Thomson will be the company's new chairman.

Nadella was born in Hyderabad, India. After moving to America, he earned a degree in Computer Science from the University of Wisconsin-Milwaukee and an Masters of Business Administration from the University of Chicago.

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