As widely expected after the completion of the LinkedIn purchase, Microsoft today announced the appointment of Reid Hoffman, co-founder of LinkedIn, to its board of directors, swelling the numbers to 12.
Hoffman, 49, was executive chairman of LinkedIn at the time of its purchase by Microsoft last year.
He co-founded LinkedIn in 2002, and before that he served as an executive vice president at PayPal. He currently a partner in venture capitalist firm Greylock Partners, and serves on the boards of Edmodo, Convoy and Blockstream. In addition, he serves on several not-for-profit boards, including Wrapp and Kiva.org, and the chair of the West Coast advisory board for QuestBridge.
As an angel investor he was one of Silicon Valley’s most prolific and successful, with a focus at Greylock Partners on consumer and services, enterprise software, consumer Internet, enterprise 2.0, mobile, social gaming, online marketplaces, payments, and social networks. He originally introduced Mark Zuckerberg to Peter Thiel and along with Thiel was involved in Facebook’s very first financing round.
“We continually evaluate opportunities to bring fresh thinking and new perspectives to our board, and Reid’s appointment reflects that,” said John W. Thompson, Microsoft chairman. “His expertise will be a valuable addition.”
“I’ve long admired Reid’s ability to identify disruptive technologies and the passion we share for how digital platforms can create new opportunity for people around the world,” said Satya Nadella, CEO, Microsoft. “As a board member, Reid’s leadership and strategic perspective will help chart the future of our company as we aim to empower every person and every organization on the planet to achieve more.”
Hoffman will be appointed to the Regulatory and Public Policy Committee.
Separately Microsoft also declared a quarterly dividend of $0.39 per share. The dividend is payable June 8, 2017, to shareholders of record on May 18, 2017. The ex-dividend date will be May 16, 2017.