Microsoft announced that Teri List-Stoll, executive vice president and chief financial officer of Kraft Foods Group, and Charles W. Scharf, CEO of Visa, have been appointed to the company’s board of directors and will join the board effective 01 October.
Adding List-Stoll and Scharf will increase Microsoft’s board to 12 members. Scharf will be joining the board’s governance and nominating committee. List-Stoll will be joining the audit committee. The company also announced that Dave Marquardt and Dina Dublon have decided not to seek reelection to the board of directors and will retire at the expiration of their current term following the annual shareholders meeting in December.
In addition, Microsoft announced an 11 percent increase in its quarterly dividend to USD 0.31 per share. The higher dividend is part of a continuing evaluation of capital strategy, the company said.
