Changes continue to happen after CEO Steve Ballmer announced his retirement plans and one of it seems to favor ValueAct Capital which had previously requested the company for a board member seat.
Microsoft, as reported by the USA Today, will be including the San Francisco investment company on its next regular meetings once the deal has been finalized. ValueAct is one of the software giant’s largest shareholders though it holds only one percent of its outstanding shares.
ValueAct's President Mason Morfit is scheduled to have an appointment with Microsoft’s upper management to talk about the different issues faced by the company, according to an announcement on Friday. It is also likely that Morfit will become a new addition to the board of directors after this year’s shareholders annual meeting.
"Microsoft is a world-class company with tremendous long-term potential," Morfit said in USA Today. "At this critical inflection point in the company's evolution, I look forward to actively working together with the board and Microsoft's management team to continue to create value for all shareholders."
USA Today tried to get more details about the possible roles the investment firm will have once it joins the board but no one was available to comment.
Meanwhile, Ballmer said he wanted to include ValueAct in the upcoming meetings as the shareholders may have fresh ideas to contribute to enhance company growth.
Shareholders are hopeful that Microsoft’s performance will show tremendous improvement and recover its loss under the new management as soon as Ballmer departs the company. Microsoft has been struggling in keeping up with the trend as consumers prefer smartphones and tablets now than personal computers.
ValueAct’s announcement seemed to have a positive result as Microsoft’s valuation improved by 13 cents and reached $33.53. However, closing valuation still dropped to $33.40 after trading hours on Friday.
