Microsoft yesterday announced that it will nominate two new members to its board of directors. The nominated members are Penny S. Pritzker, founder and chairman of PSP Capital and former U.S. Secretary of Commerce, and Arne Sorenson, president and chief executive officer of Marriott International. “Penny and Arne are both strong leaders with impressive accomplishments and contributions that span business and public service,” said John Thompson, independent Microsoft board chairman. Microsoft believes both of them will bring significant global experience to Microsoft and will serve as valuable additions to the board. You can read about both of them below.
Penny S. Pritzker:
Pritzker, 58, is the founder and chairman of PSP Capital and its affiliate, Pritzker Realty Group. From June 2013 through January 2017, she served as U.S. Secretary of Commerce. She is an entrepreneur, civic leader and philanthropist and has nearly 30 years of experience as a business executive across numerous industries, building dozens of successful companies. Pritzker is a member of the board of trustees of the Carnegie Endowment for International Peace, a member of the Aspen Strategy Group and the Aspen Economic Strategy Group, and a co-chair of the Cyber Readiness Institute. She and her husband, Dr. Bryan Traubert, co-founded the Pritzker Traubert Foundation, a private philanthropic foundation that works to foster increased economic opportunity for Chicago’s families.
Sorenson, 58, has served as president and chief executive officer of Marriott International since 2012 and was elected to Marriott’s board of directors in 2011. In addition, he is the chairman of Marriott’s Global Diversity and Inclusion Council and co-founded Marriott’s Global Sustainability Council in 2007. In Sorenson’s career at Marriott International, he has also served as chief operating officer, executive vice president, and chief financial officer and president of continental European lodging. Sorenson serves on the board of Brand USA. He is a member of the Luther College Board of Regents and is a member of the board of trustees for The Brookings Institution.
Arne and Penny will be presented for election at Microsoft’s annual shareholders meeting on Nov. 29, 2017.