SEATTLE (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.