Insider Nadella named Microsoft CEO, as expected, with Gates stepping down as chairman to help him

Microsoft names Satya Nadella as CEO.
David Paul Morris | Bloomberg | Getty Images
Microsoft names Satya Nadella as CEO.

Satya Nadella, the quiet and self-effacing Microsoft enterprise chief, prevailed over much splashier outside candidates and was named CEO of the software giant today.

He is only the third CEO since the company's founding, replacing Steve Ballmer. The first Microsoft CEO, of course, was co-founder and chairman Bill Gates.

Read the whole story at Re/code.

By Kara Swisher, recode.net.

CNBC's parent NBC Universal is an investor in re/code's parent Revere Digital, and the companies have a content-sharing arrangement.