AP | Posted: 09/10/2013 12:41 pm EDT | Updated: 09/10/2013 1:58 pm EDT
SEATTLE -- Bill and Melinda Gates Foundation CEO Jeff Raikes announced Tuesday he's stepping down.
The 55-year-old Nebraska native and former Microsoft executive says he made a five-year commitment when he took the position in 2008. Raikes will remain on the job until a successor is named.
The Seattle-based foundation is largely funded by Microsoft Chairman Bill Gates and Berkshire Hathaway Chairman Warren Buffett.
The Gates Foundation funds programs to address poverty and poor health in developing countries.
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Hollywood director George Lucas is passionate about education. He has worked to foster positive growth in the education sector through, <a href="http://www.edutopia.org/" target="_hplink">Edutopia</a>, the George Lucas Education Foundation. Lucas plans to donate the majority of his fortune to this end.
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