Microsoft (MSFT) Board Member Reid Hoffman Exits After 10 Years

AI Summary

Reid Hoffman, co-founder of LinkedIn, is leaving Microsoft's (MSFT) board after nearly a decade. He announced his decision not to run for reelection on Tuesday, according to a Microsoft filing. Hoffman joined the board in 2017 after selling LinkedIn to Microsoft for $27 billion in 2016. He aims to focus on his new venture, Manas, an AI-native biopharmaceutical company, and has shared his intention to transition to a founder's role by year's end. The upcoming annual meeting will mark his official departure from the board.