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2017 Alphabet Google News

Eric Schmidt to step down as executive chairman of Alphabet

Executive Chairman of Alphabet Eric Schmidt speaks during a press conference where Alphabet Inc, the owner of Google, announced the project "Sidewalk Toronto", that will develop an area of Toronto's waterfront using new technologies to develop high-tech urban areas in Toronto, Ontario, Canada, October 17, 2017. REUTERS/Mark Blinch

Alphabet has announced that Eric Schmidt will be stepping down from his role as the executive chairman of the company’s board of directors. Instead Schmidt will be transitioning to a new role as a technical advisor.

Schmidt previously was CEO of Google, back in 2001, before becoming an executive chairman in 2011, while Google co-founder Larry Page became CEO. Schmidt stayed as executive chairman, even after the Alphabet restructuring in 2015.

“Larry, Sergey, Sundar and I all believe that the time is right in Alphabet’s evolution for this transition. The Alphabet structure is working well, and Google and the Other Bets are thriving,” said Eric Schmidt. “In recent years, I’ve been spending a lot of my time on science and technology issues, and philanthropy, and I plan to expand that work.”

The company said that their board will appoint a non-executive chairman.

Source: Alphabet

By Sachin Bahal

Sachin is the editor-in-chief of TheCanadianTechie, a site he started in 2012 to become the ultimate, independent source for tech enthusiasts or “techies”. He is a versatile writer with a passion for technology and loves to write about gaming, entertainment, tech and more.

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