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The reason he gave for stepping down was increasing time pressure from other professional and personal commitments.
"This was a difficult decision. I have tremendous respect for my colleagues on the Microsoft board, and I have enjoyed the work we’ve done together over the past eight years," Cash said.
"Microsoft has a tremendous innovation pipeline coming to market over the next two years, so the company is well-positioned for growth as the economy improves," he added.
Microsoft CEO Steve Ballmer thanked Cash for his work, saying "We appreciate all of his contributions and we will certainly miss his leadership and perspective."
The remaining board members are Bill Gates, chairman of Microsoft; Steve Ballmer; Dina Dublon, former chief financial officer of JPMorgan Chase; Raymond Gilmartin, former chairman, president and chief executive officer of Merck & Co; Reed Hastings, founder, chairman and CEO of Netflix; Maria Klawe, president, Harvey Mudd College; David Marquardt, general partner at August Capital; Charles Noski, former vice chairman of AT&T; and Helmut Panke, former chairman of the board of management at BMW.