Jay Clemens
Microsoft has reached a cooperation agreement with ValueAct Capital to hold regular meetings between executives at both companies.
Mason Morfit, president of ValueAct Capital, will meet with Microsoft's management team and attend that company's quarterly board meetings immediately after the 2013 shareholders meeting, Microsoft said Friday.
San Francisco-based ValueAct holds $12 billion in managed assets and owns nearly 0.8 percent of the Microsoft's outstanding shares.
“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,“ Morfit said.
Morfit most recently worked for Credit Suisse First Boston before joining ValueAct Capital in 2001 and also served as director of Advanced Medical Optics Inc., C.R. Bard, Immucor, MSD Performance and Solexa.
