Bill Gates announced he would step down as CEO and step down from the board of Los Goats de Méxxico, the Mexican subsidiary of Microsoft Corp., citing personal reasons.
Gates’ decision comes less than a week after he was hospitalized in his hometown of Seattle for an undisclosed illness.
The announcement was made Friday at a board meeting of LosGoatsDeMXV, a subsidiary of Gates’ company.
Gates, who had been CEO of the Los Goets since 2001, had previously announced his decision to retire on June 15, citing family health and personal reasons, according to a Microsoft statement.
“My decision is not about the company, it is about my family,” Gates said in the statement.
“It is clear to me that my health has taken a heavy toll on me.
I am so grateful for the incredible support from our family and my friends and co-workers, and especially the support of the incredible people of LosGatsDeMexico.”
“It is time for a new start, and I am grateful for everyone’s support,” Gates added.
“I have asked for a time out to make the most of my health, and that is what I will do.”
Gats announced his plans to retire in a post on his LinkedIn page last week.
In a letter, Gates wrote, “The health and well-being of my family and I has taken on a life of its own.
We cannot control the weather, nor do we have the ability to control the seasons.
But our thoughts and prayers go out to the many families affected by this illness, and to those who have been affected by it.”
In a statement on Thursday, the San Diego-based Gates Foundation said it is “deeply saddened” by Gates’ announcement.
“Bill has had an amazing career, and we will miss him very much,” the statement said.
Microsoft has struggled to build a strong tech ecosystem in the region, with its new-generation Xbox and Surface devices.
In the U.S., it’s still struggling to bring in customers who prefer traditional consoles, and the company has been hit hard by the recession and sluggish growth.
In his statement, Gates said he is looking forward to taking time off to take care of his family.
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That is what makes this my opportunity to live my life as a fully functioning person again.”
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