Jeff Raikes to join Costco board

Raikes, who left Microsoft earlier this year to become CEO of the Bill and Melinda Gates Foundation, will now also serve as a director of the warehouse retailer.

Apparently, saving the world isn't taking up all of Jeff Raikes' time.

Jeff Raikes Microsoft

The former Microsoft executive and current CEO of the Bill and Melinda Gates Foundation, is joining the board of directors of Costco Wholesale, the giant retail chain.

"We are very pleased to welcome Jeff as a new member of our board. Not only does Jeff bring over 25 years of private sector experience, he also brings his reputation as a trusted and respected leader," Costco Chairman Jeff Brotman said in a statement.

Raikes announced his plans to leave Microsoft in January and was named CEO of the Gates Foundation in May. Costco is based in the Seattle suburb of Issiquah, Wash.

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