Microsoft has named its third CEO in the company's 38-year history. Satya Nadella succeeds Steve Ballmer and takes over the top job at Microsoft immediately. With former CEO Bill Gates by his side as a technology advisor, Nadella is focusing on mobile and cloud as he prepares to take Microsoft beyond its PC roots. As a 22-year veteran server and enterprise guy, Nadella is well positioned to understand Microsoft's challenges and opportunities ahead. You can track all the latest on Satya Nadella's CEO appointment right here at The Verge.