Paul Allen has finally logged out of Microsoft.
The Microsoft co-founder plans to leave the board of the world’s largest software company on Nov. 9.
According to a proxy filing with the Securities and Exchange Commission, Allen “is not standing for re-election.”
Allen said he intends to spend more time with his 140 other businesses. “Being an active board member for a dynamic and successful company such as Microsoft is a time-intensive role and one I have enjoyed for many years,” he said.
“However, this new role will enable me to spend my time on technology and products, where I can really make a significant contribution.”
After shaving off his beard and updating his image, Allen has busied himself in recent years building his cable empire, expanding his sports teams -the Portland Blazers and the Seattle Seahawks – and launching the huge Jimi Hendrix Experience museum.
The document went on to say that Allen will continue to “serve as a senior strategy adviser to the company.”
Microsoft co-founder and Chairman Bill Gates said that Allen “was instrumental in the creation of Microsoft and has played an important role in the success and direction” of the company. “I will continue to value his friendship and counsel in the years ahead,” added Gates.
Allen has been conspicuously absent during the software giant’s fight with the government, which wants the company split into two for being an illegal monopoly.
Richard Hackborn will also step down from the board.
Microsoft said it will not fill the vacant seats and instead will reduce the number of board members from the current eight to six: Steve Ballmer, president and CEO of Microsoft; Gates; David Marquardt, general partner, August Capital; Ann McLaughlin, chairman emeritus of The Aspen Institute and senior adviser, Gartland & Co. Inc.; W.G. Reed Jr., chairman of the board, Simpson Investment Co. (retired); and Jon Shirley, president and chief operating officer, Microsoft (retired).With Bloomberg