Gates Foundation Names Calif. University Official As CEO

Career College Central summary:

  • The Bill & Melinda Gates Foundation has selected Susan Desmond-Hellmann, chancellor of the University of California at San Francisco, to be its next chief executive officer. Dr. Desmond-Hellmann, 56, an oncologist, is the first chief executive to be hired from outside Microsoft and will replace the outgoing chief executive, Jeff Raikes, on May 1.
  • Mr. Raikes and his predecessor, Patty Stonesifer, were both high-level executives at the company that Mr. Gates co-founded before they assumed roles heading his family foundation, which supports global health and education.
  • During Mr. Raikes’s tenure, the value of the foundation’s grants increased 21 percent, from $2.8-billion to $3.4-billion, from 2008 to 2012.

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