Microsoft names India-born CEO Satya Nadella as company's Chairman
New York: Microsoft's India-born CEO Satya Nadella has been named the company's Chairman, an additional role in which he will lead the work to set the agenda for the board.
Microsoft Corp on Wednesday announced that the board's independent directors unanimously elected Nadella to the role of board chair, and unanimously elected John W Thompson as the lead independent director, a role he held previously from 2012 to 2014.
In this role, Nadella will lead the work to set the agenda for the board, leveraging his deep understanding of the business to elevate the right strategic opportunities and identify key risks and mitigation approaches for the board's review, the company said in a statement.
Nadella, 53, succeeds Thompson, who as the lead independent director, will retain significant authority including providing input on behalf of the independent directors on board agendas, calling meetings of the independent directors, setting agendas for executive sessions, and leading performance evaluations of the CEO, the technology giant said.
In addition to these role changes, the board declared a quarterly dividend of USD 0.56 per share. The dividend is payable September 9, 2021, to shareholders of record on August 19, 2021.
Nadella had succeeded Steve Ballmer to become Microsoft's CEO in 2014.
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Chamoli hydropower tunnel train collision: 88 injured, magisterial probe ordered
Gopeshwar/Dehradun (PTI): Chamoli District Magistrate Gaurav Kumar on Wednesday ordered a magisterial inquiry into the collision between two loco trains inside the Pipalkoti tunnel of the under-construction Vishnugad-Pipalkoti hydropower project, which left 88 people injured.
Earlier in the day, Kumar said that the accident occurred around 8.30 pm on Tuesday at the TBM (Tunnel Boring Machine) site inside the tunnel being built by THDC (India).
A loco train carrying workers for tunnel excavation during the night shift was about two kilometres inside the tunnel when another loco train coming from the opposite direction lost control and collided with it.
One of the trains had workers and officials on board, while the other carried material.
Upon receiving information about the collision, Uttarakhand Chief Minister Pushkar Singh Dhami ordered proper treatment for the injured. He spoke to the DM over the phone and instructed him to ensure that all the injured receive the best possible medical facilities.
DM Kumar and Superintendent of Police Surjit Singh Panwar met the injured at the Gopeshwar District Hospital.
Kumar said 109 people were on board the loco train at the time of the accident, most of them labourers. None of the injured was serious, he said.
He said that 88 of them were injured, although none of them are in serious condition. They said that 84 workers were discharged after receiving first aid, while four are still hospitalized.
DM Kumar and SP Panwar also inspected the project site and sought detailed information about the incident from the project officials.
They instructed them to strictly implement all necessary safety standards to prevent a recurrence of such an incident in the future.
After inspection, the DM issued orders for a magisterial inquiry into the accident caused by the collision of the loco trains.
Meanwhile, the Railways said the trains involved in the collision had no connection with it.
"It is clarified that this unfortunate incident occurred in Uttarakhand's Chamoli district, involving a trolley used in the local transportation system during the construction of a hydroelectric project tunnel. The train referred to in the news reports is not an Indian Railways train, but a transportation system being used locally by the project team," the government entity said in a statement.
According to officials, rail-like vehicles are used to transport workers, employees, and materials for construction work inside the tunnel.
The project, being built between Helang and Pipalkoti on the Alaknanda River, will generate 444 megawatts of electricity through four turbines. The project is targeted for completion by next year.
