Microsoft names Brad Smith vice chair, plans $60B share buyback, sets Nov. 30 annual meeting

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Microsoft President Brad Smith. (Geekwire file photo/Dan DeLong)

Microsoft President Brad Smith, who oversees the Company’s government, legal and public affairs operations, has been named Vice President of the Company, taking on an additional executive role approved by the Board of Directors.

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“This reflects the unique leadership role that Brad plays with the company, our board of directors and for me, governments and other external stakeholders around the world,” said Microsoft CEO Satya Nadella. in a news release on Tuesday Announcing the appointment. The company says Smith will continue to report to Nadella.

Smith rose to prominence in Microsoft and the tech industry as the company’s longtime general counsel, bringing the company out of its antitrust era. He has since moved into an expanded role representing Microsoft on a wide range of policy and social issues, including cyber security, government relations, environmental and social issues.

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In a new edition of his book, Tools and Weapons, he warns that tightly controlled silos of information about cyberattacks remain between US agencies, and that there is a need for greater transparency and cooperation on the issue between companies and government leaders. make demands.

Microsoft’s board also announced a new plan to buy back up to $60 billion of the company’s shares, and declared a quarterly dividend of 62 cents per share, up 11% from the previous quarter. The company says it will hold its annual meeting via webcast on November 30.

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