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Financial Times has named Microsoft CEO Satya Nadella Person of the Year.

"The growing wealth and power of Big Tech over the past decade has been a defining feature of modern capitalism. Yet even judged by the standards of most of his peers, Mr Nadella stands out. By the end of November, the total return generated for Microsoft shareholders during his near-six year tenure passed $1tn. Contrast that with the moment when he took over as only the third CEO in Microsoft’s history, and the software company looked like it might be on the fast track to technological irrelevance," the source noted.

Founded in 1975 by entrepreneurs Bill Gates and Paul Allen, Microsoft is one of the largest corporations producing software for a variety of devices, from personal computers to mobile phones. Microsoft is headquartered in Redmond, Washington. The corporation has a market capitalization of over $ 700 billion.

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