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Melinda French Gates, the ex-wife of Bill Gates has made a major announcement that she will no longer be co-chair of the Gates Foundation and is resigning from the post. Know the reason behind this big step of Melinda Gates…
Melinda Gates Resigns From Gates Foundation: American philanthropist and former wife of Bill Gates, Melinda French Gates has made a major decision and has announced the same, taking everyone by complete surprise. Melinda Gates who had co-found the Bill and Melinda Gates Foundation with her then-husband in 2000, has decided to part ways and resign from the organisation, which is the world’s largest private charitable organisation. Why has Melinda Gates resigned from the Gates Foundation, what is the reason that Bill Gates’ ex-wife has given for this big step, read to know…
Bill Gates Ex-Wife Resigns From Gates Foundation
As mentioned earlier, Melinda French Gates on Monday, said that she would resign as co-chair of the Bill & Melinda Gates Foundation, stressing that the time is “right for me” to move forward into the next chapter of my philanthropy. Melinda, who has helped the lead since 2000, said that as part of her separation agreement from her former husband Bill Gates, she will receive an additional USD 12.5 billion for her charitable work.
Why Has Melinda Gates Resigned From Gates Foundation?
“After careful thought and reflection, I have decided to resign from my role as co-chair of the Bill & Melinda Gates Foundation. My last day of work at the foundation will be June 7th,” Melinda French Gates said in a post shared on X. She further emphasised that she is taking this step with full confidence that the Gates Foundation is in strong shape.
“I am taking this step with full confidence that the foundation is in strong shape, with its extremely capable CEO Mark Suzman, the Executive Leadership Team, and an experienced board of trustees in place to ensure all its important work continues. The time is right for me to move forward into the next chapter of my philanthropy,” she added. “Under the terms of my agreement with Bill, in leaving the foundation, I will have an additional $12.5 billion to commit to my work on behalf of women and families,” Melinda said in her post.
Bill Gates Reacts To Ex-Wife’s Resignation
Following the announcement, Bill Gates in a separate statement on Monday, posted, “I am sorry to see Melinda leave, but I am sure she will have a huge impact in her future philanthropic work.” “Looking ahead, I remain fully committed to the Foundation’s work across all our strategies, and to realizing the opportunities we have to continue improving the lives of millions around the world,” he wrote.
(Inputs from ANI)
