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Gates Foundation CEO to Step Down

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Patty Stonesifer, the chief executive officer of the Bill & Melinda Gates Foundation, announced last week that she will step down from her role next January.

Ms. Stonesifer, 51, has led the Seattle-based philanthropy, the largest in the world, since its inception in 1997. She is a former executive at Microsoft Corp., the company co-founded by Bill Gates.

To date, the foundation has awarded more than $16 billion in grants, including to improve K-12 schools. It has an endowment of $38.7 billion and 500 employees.

Vol. 27, Issue 23, Page 4

Published in Print: February 13, 2008, as Gates Foundation CEO to Step Down
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