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Last updated: September 10. 2013 12:37PM - 159 Views
Associated Press



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(AP) Bill and Melinda Gates Foundation CEO Jeff Raikes announced Tuesday he's stepping down.


The 55-year-old Nebraska native and former Microsoft executive says he made a five-year commitment when he took the position in 2008. Raikes will remain on the job until a successor is name.


The Seattle-based foundation is largely funded by Microsoft Chairman Bill Gates and Berkshire Hathaway Chairman Warren Buffett.


The Gates Foundation funds programs to address poverty and poor health in developing countries.


Associated Press
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