Back in 1986, Microsoft co-founder Paul Allen founded Vulcan Inc., a new company dedicated to managing his various business and philanthropic efforts. While Allen has been CEO of the company since 2014, the business magnate has announced today that he will give away his executive role to Microsoft veteran Bill Hilf (via GeekWire).
The new CEO will report directly to Allen who will remain chairman. Before his nomination, Hilf used to be Vice President for Cloud Product Management at Hewlett-Packard and he also worked for Microsoft for 9 years, leaving the company in 2013 when he was General Manager for Windows Azure Product Management. In his memo published today, Allen shared that “Bill’s extensive open-source, business and technology experience will help further Vulcan’s progress.”
With Vulcan, Allen invested in various business areas including real estate holdings, sports companies (such as the Seattle Seahawks and the Portland Trail Blazers), entertainment, research, aerospace and more. Talking to GeekWire, Hilf shared that Allen was looking for a new leadership to “help Vulcan turn into a world-class organization that can scale to address the problems that he’s really after.”
Indeed, Allen still has very ambitious goals for the company he founded 30 years ago according to Hilf. He added:
“Paul’s desire with Vulcan is to do work that is not just hard work, but to take on some of the problems and opportunities that no one else has taken on yet — for example, SpaceShipOne, or mapping the human brain, or taking a census of all the elephants, to alleviate the problem of what’s happening. His goal is the far horizon. To go truly where no one yet has gone.
The new CEO will start his new mission at the Seattle-based company on December 1 and we can’t wait to see what’s next for Vulcan Inc.