Schmidt will stay on the board as an adviser.
Alphabet’s Eric Schmidt is stepping down from his role as executive chairman of the company, according to a press release published Thursday.
Schmidt was Google’s CEO for a decade, stepping away in 2011, and has been chairman of Google, now Alphabet, since 2001. He helped oversee Google’s transition into Alphabet and will remain on the company’s board, but in a “technical advisor” role focused on science and tech projects. The key change is he’ll be stepping away from his day-to-day work leading Alphabet’s board.
The company says it expects to “appoint a non-executive chairman,” presumably sometime next year.
Schmidt had a long career as a software executive before becoming Google’s CEO in 2001. He helped turn the company from what was effectively a side project by two grad students into a dominant online ad business. He was recently the subject of an article that detailed a personal relationship he had with a publicist hired by Google some years ago.
“Since 2001, Eric has provided us with business and engineering expertise and a clear vision about the future of technology,” said Larry Page, Alphabet’s CEO and Google’s co-founder. “Continuing his 17 years of service to the company, he’ll now be helping us as a technical advisor on science and technology issues. I’m incredibly excited about the progress our companies are making, and about the strong leaders who are driving that innovation.”
Recode – All Go to Source
Author: Kurt Wagner
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