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Thursday, January 30, 2014

Microsoft board preparing to name Nadella as CEO -report, (TSE: E.TO)

Microsoft Corp's board is preparing to name internal executive Satya Nadella as the software company's next chief executive, Bloomberg reported on Thursday, citing unnamed sources it said were briefed on the CEO search process.The board is also considering replacing Chairman Bill Gates, possibly with independent lead director John Thompson, Bloomberg said.Sources had previously told Reuters that Microsoft was down to a "handful" of candidates, including Nadella, executive vice president of the Cloud & Enterprise group, and Tony Bates, executive vice president of Business Development and Evangelism.Bloomberg added the Nadella plans had not been finalized. Microsoft declined to comment.

Shares of E traded higher by 6.38% or $0.06/share to $1.00. In the past year, the shares have traded as low as $0.30 and as high as $0.99. On average, 649940 shares of E.TO exchange hands on a given day and today's volume is recorded at 839296.