REDMOND, Wash., Sept. 19, 2019 /PRNewswire/ -- Microsoft
Corp. on Wednesday announced the nomination of Emma Walmsley, CEO of GlaxoSmithKline (GSK) and
member of the GSK board, to the Microsoft board of directors.
Walmsley will be presented for election at the company's annual
shareholders meeting, which will be held Dec. 4, 2019.
"Emma is an accomplished business leader who led major advances
in research and development at GSK and will bring her significant
insights and global experience to Microsoft," said John W. Thompson, Microsoft independent board
chair. "We believe she will be a valuable addition to the
board."
Microsoft also announced that Charles H. Noski, former vice
chairman of AT&T Corp. and Bank of America Corp., and Dr.
Helmut Panke, former chairman of the
board of management at BMW AG, have decided that after almost
16 years of service, both will not seek re-election to the
Microsoft board. Their current term expires at the annual
shareholders meeting.
"Chuck and Helmut each have brought tremendous wisdom and
judgment to our board, including in the vital roles Chuck has
played as chair of the Audit Committee and Helmut has played as
chair of the Regulatory and Public Policy Committee," Thompson
said.
Bill Gates, who served as chair
when Noski and Panke joined the Microsoft board in 2003, said,
"Chuck and Helmut have been critical and insightful directors
during multiple key moments for Microsoft for more than a decade
and a half, and we are grateful for their many contributions."
"I very much appreciate the important role that Chuck and Helmut
have both played as directors and advisors to me as we've pursued
Microsoft's transformation," said Satya
Nadella, Microsoft CEO.
Emma Walmsley was appointed CEO
of GSK in April 2017 and has been a
member of GSK's corporate executive team since 2011. She was the
CEO of GSK Consumer Healthcare, a joint venture between GSK and
Novartis, from its creation in March
2014 to 2017. Walmsley joined GSK in 2010, with
responsibility for Consumer Healthcare, Europe. Before joining GSK, Walmsley worked
for L'Oreal in a variety of marketing and general management roles
in Paris, London, Shanghai and New
York. She holds an MA in classics and modern languages from
Oxford University.
If Walmsley and the rest of the company's nominees are elected,
Microsoft's board of directors will consist of 13 members,
including John W. Thompson,
Microsoft independent board chair; William H. Gates, Microsoft
co-founder and technology advisor; Reid
Hoffman, partner at Greylock Partners; Hugh Johnston, vice chairman and chief financial
officer of PepsiCo; Teri L.
List-Stoll, executive vice president and chief financial
officer of Gap Inc.; Satya Nadella,
chief executive officer of Microsoft; Sandra E. Peterson, operating partner at
Clayton, Dubilier & Rice;
Penny Pritzker, founder and chairman
of PSP Partners; Charles W. Scharf,
chairman and chief executive officer of The Bank of New York Mellon
Corp.; Arne Sorenson, president and
CEO of Marriott International Inc.; John W.
Stanton, chairman of Trilogy Partnerships; and Padmasree Warrior, founder, president and CEO,
Fable Group Inc.
If nominees are elected by shareholders, the updated composition
of each committee will be as follows. The board will determine a
committee appointment for Ms. Walmsley once elected to the
board.
- Audit Committee: Hugh Johnston
(chair); committee members include Teri
List-Stoll, Arne Sorenson and
John W. Stanton.
- Compensation Committee: Sandra E.
Peterson (chair); committee members include Charles W. Scharf and Padmasree Warrior.
- Governance and Nominating Committee: John W. Thompson (chair); committee members
include Teri List-Stoll,
Sandra E. Peterson and Charles W. Scharf.
- Regulatory and Public Policy Committee: Penny Pritzker (chair); committee members
include John W. Stanton and
John W. Thompson.
About Microsoft
Microsoft (Nasdaq "MSFT" @microsoft)
enables digital transformation for the era of an intelligent cloud
and an intelligent edge. Its mission is to empower every person and
every organization on the planet to achieve more.
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SOURCE Microsoft Corp.