Alphabet Inc. said on Thursday its executive chairman Eric Schmidt will step down from his position to become a technical adviser as of its next regular board meeting in January. (HuffPost / Reuters)
Schmidt, who joined Google in 2001 as its CEO and chairman, became executive chairman of Google’s board in 2010 and maintained the position when the company restructured in 2015 to become Alphabet. (Mashable)
Alphabet said it expects the board to appoint a non-executive chairman to replace him. Before joining Google, Schmidt was CEO of networking-software maker Novell. He also previously worked at Sun Microsystems. (Variety)
Day-to-day responsibilities will fall to Google’s co-founders, Sergey Brin and Larry Page, and Google chief executive Sundar Pichai, who is playing an increasingly visible role at the tech giant. (Deadline)