Billionaire Bill Gates logs off today after 33 years in day-to-day control of the world’s biggest software company — Microsoft Corp.

Mr. Gates will remain part-time chairman of the board. Gates expected to deliver a valedictory address to the software company’s 90,000 employees with his right-hand man, Microsoft’s chief executive Steve Ballmer, by his side. Staff around the world will watch via a webcast.

In 1981 the company launched MS-DOS, its first commercial software, which was licensed to IDM. It was followed four years later by Windows, which Gates allowed PC makers to pre-install on PCs, creating a ready-made market for the software.

On June 27, 2008, Microsoft chairman Bill Gates will withdraw his “day to day” duties of the world’s largest software company that he co-founded, along with Paul Allen, in 1975 — – But he would remain Microsoft’s Chairman, adviser – and its largest single shareholder.

After July 27 he will focus mainly on the Bill and Melinda Gates Foundation and its work in health, vaccines, education and more. Founding “MicroSoft” with his friend and fellow billionaire Paul Allen in 1975, the story of Microsoft’s success is legendary.

“I’m not leaving Microsoft,” Gates said, he had no plans to give up the distinction of being the company’s largest shareholder.

The move will end an era at Microsoft, which Gates founded.

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[ Complete list at TIME.com ]

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