Microsoft is expected to announce a new CEO soon. There were rumors that Microsoft was having a hard time finding a successor because Microsoft co-founder/chairman Bill Gates and outgoing CEO Steve Ballmer would still be involved in decisions as board members. Following that news, there were rumors floating around that Ballmer and Gates would give up their board seats.
Now Bloomberg is reporting that Gates will remain involved in product development at Microsoft, but would focus on administration details. Gates would work at Microsoft at least one per day week.
This past week, there were reports that suggested Microsoft enterprise and cloud head Satya Nadella would be named as the outgoing CEO. The announcement is expected to happen within the next few weeks.