Microsoft has chosen its next CEO and may remove Bill Gates as chairman, Bloomberg reports.
Bloomberg says Microsoft's next CEO will be Satya Nadella, an executive vice president at the company. Nadella is in charge of Microsoft's lucrative cloud and enterprise group.
The news backs up an earlier report from Recode's Kara Swisher that Microsoft will pick Nadella as its CEO.
Nadella has been at Microsoft for 20 years and his name has been consistently floated around as one of the top internal candidates for the CEO job.
Before Microsoft's recent executive reorganization, Nadella was in charge of the company's server and tools business. He also worked in research and development for online services and was vice president business division.
It would make sense if Gates stepped down. In theory, Microsoft's new CEO probably wouldn't want two of his or her predecessors (Gates and current CEO Steve Ballmer) watching everything from the board.