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Microsoft proposes two new board member additions

Microsoft is proposing to shareholders that the company add two new board members, Sandra Peterson, chairman of Johnson & Johnson, and Padmasree Warrior, former Chief Strategy Officer of Cisco.

Microsoft officials are proposing to shareholders that the company add two new board members to its current slate.

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The two new proposed members -- Sandra Peterson, group worldwide chairman, Johnson & Johnson and Padmasree Warrior, former chief strategy officer and chief technology officer at Cisco -- will be up for election at the company's December 2, 2015 shareholders meeting, according to an October 19 press release.

Microsoft also announced on October 19 that Dr. Maria Klawe, president of Harvey Mudd College, won't be seeking reelection to Microsoft's board after her term expires following the shareholders meeting. Klawe joined Microsoft's board in 2009.

Microsoft's board currently consists of 10 members, two of which are women. If both new board appointees are elected, Microsoft's board will grow to 11 members, three of which will be women.

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Peterson, 56, has served as the group worldwide chairman and member of the executive committee of Johnson & Johnson since December 2012.Peterson served as executive vice president and president, Medical Care, Bayer HealthCare LLC, from 2005 to 2010, group president of government for Medco Health Solutions Inc. (formerly Merck-Medco) from 2003 to 2004, senior vice president of Medco's health businesses from 2001 through 2003, and senior vice president of marketing for Merck-Medco Managed Care LLC from 1999 to 2001.

Warrior, 54, served as strategic Advisor to Cisco Systems Inc., a leading global networking equipment provider, from June to September 2015. Before that, she was chief technology and strategy officer from July 2012 to June 2015 and served as chief technology officer, senior vice president engineering and general manager global enterprise segment from 2010 to 2012. She joined Cisco in 2008 as the chief technology officer.

Microsoft will report its first quarter fiscal 2016 earnings on October 22.