Microsoft Corp. announced Tuesday that Mason Morfit, president of ValueAct Capital, has been appointed to the company’s board of directors and its audit committee.
“We’ve had the opportunity to work with Mason over the past six months, and we look forward to working with him more closely as a member of the board,” said John Thompson, chairman of the Microsoft board.
“Mason brings valuable insights given his financial background, his extensive experience as a public company director and his perspective as a significant Microsoft shareholder.”
Morfit is the president of ValueAct Capital, a San Francisco-based investment firm with more than $14 billion in assets under management.
On Aug. 30, 2013, Microsoft and ValueAct Capital announced a cooperation agreement that gave ValueAct Capital the option of having Morfit join the Microsoft board at the first quarterly board meeting after the 2013 annual shareholders meeting.
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“I am honored to be joining the board, and I look forward to working with Satya Nadella, chairman John Thompson and the rest of the board of directors to help continue to drive growth and value for all shareholders,” said Morfit.
Microsoft also announced that its board of directors declared a quarterly dividend of $0.28 per share. The dividend is payable June 12, 2014, to shareholders of record on May 15, 2014. The ex-dividend date will be May 13, 2014.
Photo courtesy: Microsoft