Category

Technology

Category

Bill Gates, who built Microsoft MSFT into the most powerful company in the world and in the process became the world’s richest person, announced today that he is stepping down as chief executive officer to concentrate on software strategy. Steve Ballmer, Gates’ former college classmate and long-time right-hand man, was named to replace him in the top job at the world’s largest maker of PC software, adding the position to his current title of president. Ballmer also will join Microsoft’s board of directors. Gates, 44, said he will remain as chairman of Redmond, Wash., Microsoft, while also taking the title of the chief software architect. He said his new role “will allow me to spend almost 100% of my time on new software technologies. It’s an exciting evolution for me and a very good transition for the company. “Although I’ve been able to spend more time on our technical strategy…