HPS Begumpet alumnus Satya Nadella all set to be Microsoft CEO!

The board of directors at Microsoft is preparing to tap Satya Nadella as CEO Steve Ballmer’s successor and is holding discussions to replace Chairman Bill Gates, according to some media reports. Microsoft did not immediately respond to the reports.

Nadella, who joined Microsoft in 1992, is in charge of the company’s enterprise and cloud businesses.

When Microsoft filed its last annual proxy in October, it reported Nadella received compensation valued at about $7.6 million for the 2013 fiscal year, including $669,167 in salary, a $1.58 million bonus and a $5.4 million stock award. He gained another $4.9 million from previously awarded shares that vested.
Microsoft also said Nadella held another 454,000 shares, worth $15.6 million, that had not yet vested.

It’s likely that Nadella would receive a large salary increase and sizable stock award if he’s named CEO. When Apple’s Tim Cook was named CEO, he received a restricted stock award then valued at about $376 million.

Born in Hyderabad, India, he attended Hyderabad Public School in Begumpet before getting a Bachelor of Engineering in Electronics and Communication from the Manipal University. After moving to the US, Nadella earned a Master of Science degree in Computer Science from the University of Wisconsin–Milwaukee, and a Master of Business Administration from the University of Chicago Booth School of Business. Nadella worked with Sun Microsystems before joining Microsoft.