Eric Schmidt is stepping down from his role at Google's parent company, Alphabet
Source: Washington Post
Eric Schmidt said Thursday that he is stepping down in January from his role as executive chairman of Alphabet, the parent company of Google, and will begin serving in a more limited capacity as a technical adviser.
Although he will keep a position on the board, the announcement marks the end of an era both for Schmidt, who was brought on in 2001, and for the company, which underwent a major restructuring in 2015. That transition saw Google separate its traditional operations, such as search, Gmail and YouTube, from some of its more ambitious and costly ventures, including its experiments in health care and new technology.
Schmidt said Thursday that he felt confident stepping aside after having successfully overseen Google's evolution into Alphabet.In recent years, Ive been spending a lot of my time on science and technology issues, and philanthropy, and I plan to expand that work, he said in a statement.
Schmidt joined Google at a time of rapid growth. Its founders, Larry Page and Sergey Brin, had just a few years prior launched a disruptive search engine and were viewed as fresh-faced newcomers to the tech sector. The two openly acknowledged to the San Francisco Chronicle at the time that they lacked guidance from an experienced businessman.
Read more: https://www.washingtonpost.com/news/the-switch/wp/2017/12/21/eric-schmidt-is-stepping-down-from-his-role-at-googles-parent-company-alphabet/?utm_term=.240d2c8bf075
As the world turns.
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