SEATTLE Dec 17 The Bill & Melinda Gates
Foundation said on Tuesday its new Chief Executive would be
Susan Desmond-Hellmann, an oncologist and public health expert
who is currently the chancellor of the University of California,
San Francisco (UCSF).
She will take up the post from May 1, after the departure
of the previous CEO Jeff Raikes, a former Microsoft Corp
, executive who announced his plan to retire in
The world's largest private philanthropy organization, with
a $40 billion endowment, aims to tackle disease and poverty in
the developing world and improve education in the United States.
Desmond-Hellmann has led UCSF since 2009. Before that, she
was president of product development at biotech pioneer
Genentech, where she led the development of two of the first
gene-based cancer drugs Avastin and Herceptin.
Bill Gates, the co-founder of Microsoft, and his wife
Melinda are co-chairs of the foundation, as is Gates' father.
Billionaire investor Warren Buffett is a major donor and