During the past year or so, Microsoft has made some significant changes to the company's senior management. With Nadella taking over the CEO role, Ballmer stepping down from the board, Gates taking a new role and other management changes, the top of the org chart looks significantly different these days. But why stop there?
Microsoft has announced this evening that two new individuals will be joining the board of the company while also saying goodbye to two existing members. Those leaving the board are Dave Marquardt and Dina Dublon and taking their place is Teri List-Stoll and Charles W. Scharf: Teri List-Stoll is the executive vice president and CFO for Kraft Foods Group and Charles Scharf is the CEO of Visa.
Along with these new appointments, Microsoft has announced an 11% increase in their quarterly dividend which now sits at .31 cents per share: the dividend will be payable on Dec. 11, 2014.
While the two announcements are not directly related, they are both big announcements for the company. The new board members will bring a fresh perspective to the company's organization and will help drive the change that Nadella has been installing.
With new board members, Microsoft has new insights into the market and both members appear to be well versed in both consumer and corporate expertise. Along with the raise in dividend, shareholders are likely to be happy at this announcement.