Microsoft Announces Reed Hastings Will Not Seek Re-Election

REDMOND, Wash. — Oct. 9, 2012 — Microsoft Corp. today announced that Reed Hastings, founder, chairman and CEO of Netflix Inc., has decided that he will not seek re-election to Microsoft’s board of directors at the company’s 2012 annual meeting of shareholders.
“Reed has been a terrific board member, and his insights and experience have really helped guide us through a critical period of transformation for both Microsoft and the industry,” said Steve Ballmer, CEO of Microsoft.
Hastings, who currently serves as the lead independent director on the Microsoft board, will continue…

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