Updated on 18 September 2013
Mr Jeff Raikes steps down as CEO of the Bill & Melinda Gates Foundation
Singapore: Mr Jeff Raikes, CEO, Bill & Melinda Gates Foundation, has decided to step down from his position.
He revealed this in an email and subsequent meeting with employees, accompanied by Mr Bill and Ms Melinda Gates, co-chairs of the foundation.
"The foundation is in the best shape that it's ever been in thanks to Jeff. He has successfully managed the organization through a period of significant growth, built a phenomenal leadership team, and set us on a great path programmatically. Thanks to Jeff we are at the place now where we will be able to have the impact we want," said Mr Gates, following the announcement.
"Jeff has been a wonderful collaborator. He kept us looking ahead and positioned the foundation, Bill and me, for long-term success. He always stressed the importance of partnership and continuous learning, which has been invaluable to improving the work we do," said Ms Gates.
"Jeff took exactly the right approach to managing the foundation. He encouraged bold thinking and risk taking, and encouraged people to learn not just from what worked, but also what didn't. It's what I expected from him and he delivered," said Mr Warren Buffett, trustee of the foundation.