Gates Foundation plucks new CEO from Microsoft ranks
A well-known Microsoft Corp. executive was named to lead the Bill & Melinda Gates Foundation into a period that will test how well it can effectively distribute an unprecedented amount of money.
Jeff Raikes, a 27-year Microsoft veteran, will become chief executive, the Seattle-based foundation said Monday. He will succeed Patty Stonesifer, who has overseen the philanthropic activities of Microsoft Chairman Bill Gates and his wife, Melinda Gates, since the 1990s.
