Gates Foundation to Announce New CEO

(AP Photo/Ed Wray) :: Microsoft Chairman Bill Gates speaks with The Associated Press Friday May 9, 2008, in Jakarta, Indonesia. The Gates Foundation has donated US$3 million for emergency relief efforts in Myanmar and will provide software to help reunite family members separated in the cyclone, Gates said Friday.

By Associated Press
Updated: 5/13/2008

SEATTLE

The Bill & Melinda Gates Foundation, the world's largest charitable foundation, plans to announce its new CEO on Monday.

It has been looking for new leadership since CEO Patty Stonesifer announced in February that she would step down.

Stonesifer, who has led the foundation since its inception in 1997, will continue to work with the foundation.

In the past decade, the Gates Foundation has given away more than $16 billion, investing mostly in global health, global development and U.S. education.

The new CEO will manage more than 500 people and work closely with Bill Gates as he moves away from his full-time job as chairman of Microsoft Corp.

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