Bill and Melinda Gates Foundation CEO steps down


There has been a lot of resignations this year by top officials from US tech companies. Today, the CEO of Bill & Melinda Gates Foundation, Susan Desmond-Hellmann announced that she will step down as CEO of the foundation. The Bill and Melinda Gates Foundation is not exactly a tech establishment. However, the founder of the foundation, Bill Gates is definitely a technology guru.

Bill and Melinda Gates Foundation

Dr. Susan Desmond-Hellmann, 62, who took office five years ago, is the third CEO of the Bill & Melinda Gates Foundation in 20 years. She is also a research scientist and doctor, the first CEO outside Microsoft. She chose to leave the foundation on the grounds of family and health. According to her, “this is the toughest decision of her career.”

Recall that a recent report claims that US tech companies are losing their CEOs at a record high rate. According to a report from a Chicago consulting firm, Challenger, Gray & Christmas Inc., 181 technology industry executives have resigned this year to October, a record high. The previous highest record was in 2006, with a total of 163 resigned executives throughout the year. The latest data (including voluntary resignations and forced resignations) increases by 46% YoY. It is 19% higher than the 152 CEOs who resigned in 2018.

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