Alphabet's Schmidt to Step Down From Executive Chair Role

We haven't heard anything new from Alphabet lately except when we learned Google CEO Sundar Pichai was appointed to Alphabet Inc's Board of Directors.

Schmidt revealed that he, Larry, Sergey and Sundar agreed the move as in the best interests of the company and its evolution, adding that the Alphabet structure is working well, and that Google and its ancilliary activities "are thriving".

Schmidt said in a statement that he planned to spend more time "on science and technology issues, and philanthropy", which is more or less what he's been doing anyway since the creation of Alphabet. Schmidt also plans to devote more time to philanthropy.

Schmidt has served in senior roles at Google since 2001 when he was first brought on by Sergey Brian and Larry Page to serve as Google's chief executive.

It is certainly an end of an era. Around the time of the company's 2004 IPO, the trio reportedly pledged to work together for another 20 years.

Schmidt will become a technical adviser and continue to sit on the board of the company that was formed to contain Google and its sprawling so-called "moonshot" subsidiary businesses in 2015.

"I'm incredibly excited about the progress our companies are making, and about the strong leaders who are driving that innovation", he said. But it is one of the most significant personnel shifts at the Internet giant since Page took over as chief executive in 2011, and especially because Schmidt has been such a willing public face of the company for so long.

Through a Google spokesman, Schmidt declined to comment. He made it clear that the company appreciated everything Schmidt had done for the company "particularly as we restructured from Google to Alphabet".

Some gaffes by Schmidt over the years have also received attention. This week and after 17 years of service, he is stepping down from his position as Executive Chairman of Alphabet.

The company is also in the midst of a nightmare with the European Commission.

Related news:

Share this:

Hot News

isis-killer-beheading-video-story-top Princess Michael Responds to Backlash Over Her Racially Insensitive Brooch
Dec 23, 2017 - 01:51
Prince Harry and Meghan Markle released their official engagement photos this week, shot in the grounds of Kensington Palace. A spokesperson for the princess told TMZ that she's "very sorry and distressed " over the controversy regarding the brooch.

isis-killer-beheading-video-story-top Henrikh Mkhitaryan set for chance to prove value to Manchester United
Dec 22, 2017 - 02:19
They have got some great players, but everyone is excited for the game and I don't think anyone is a bit daunted. The Armenia worldwide has been left out of the squad for eight of the last nine games in all competitions.

isis-killer-beheading-video-story-top House offers short-term funding for children's health insurance
Dec 22, 2017 - 02:09
The 20-year-old program cost about $15.6 billion in fiscal 2016, funded nearly entirely by the federal government. Thirty-one states are in jeopardy of seeing the funding vanish sooner than expected, according to the report .

isis-killer-beheading-video-story-top Following Trump's report, China urges USA to accept its rise
Dec 21, 2017 - 01:47
In his speech , Trump listed China alongside Russian Federation as USA rivals, with Beijing seeking "to challenge American influence, values, and wealth".

isis-killer-beheading-video-story-top Jeep Cherokee revealed ahead of Detroit debut
Dec 21, 2017 - 01:40
The few images released show what appears to be the facelifted Limited and Trailhawk models and one interior photo from upfront. At the back, smoked taillights replace the old units while the license plate holder is now placed on the tailgate itself.

isis-killer-beheading-video-story-top Isaiah Thomas Reportedly Nearing G League Stint in Recovery from Hip Injury
Dec 21, 2017 - 01:28
Apparently, Thomas still hasn't practiced with the team in a full-court setting since they rarely hold practices. He averaged 28.9 points, 2.7 rebounds and 5.9 assists in 76 games with the Celtics last season.

isis-killer-beheading-video-story-top After US veto, UN General Assembly to meet on Jerusalem status
Dec 21, 2017 - 01:04
Palestinians want the eastern part of the city as the capital of a future independent state of their own. President Trump affirmed that declaration by officially recognizing Jerusalem as the capital of Israel.

isis-killer-beheading-video-story-top 'The Nutcracker And The Four Realms' Teaser: Disney's Sugar-Plum Dance
Dec 20, 2017 - 01:40
Chocolat director Lasse Hallström is bringing The Nutcracker and the Four Realms to life from Ashleigh Powell's screenplay. Together, Clara and Philip must also face the dangers of the Fourth Realm, where Helen Mirren's Mother Ginger rules.

isis-killer-beheading-video-story-top Trailer Arrives For Sicario Sequel Soldado
Dec 20, 2017 - 01:39
Sicario 2: Soldado moves to tell a continuation of that story, but without the defining features that made Sicario so great. That's not to say the production value is bad, or that Brolin and del Toro are phoning in their performances.

isis-killer-beheading-video-story-top Chinese electric SUV to take on Tesla Model X?
Dec 20, 2017 - 01:38
Despite being much cheaper than its US -based rival, the Nio ES8 sounds like it can hold its own against the Model X. The new NIO ES8 is a seven-seater, high-performance electric SUV which is available with both front and rear motors.

isis-killer-beheading-video-story-top Ola to acquire Foodpanda India
Dec 20, 2017 - 01:38
Ola said in a statement it was committing an investment of Rs 1,300 crore ($200 million) into the food delivery business. The company had started a venture called Ola Cafe back in 2015, though it shut down the business previous year .

Manchester United's Tim Fosu-Mensah has 'ridiculous' pace, claim Crystal Palace teammates
Dec 20, 2017 - 01:37
The Crystal Palace winger has already had a taster of life at a big club, though his brief spell at Manchester United was a forgettable one.

isis-killer-beheading-video-story-top You Can Manage Your Identity on Facebook Using Face Recognition
Dec 20, 2017 - 01:36
Facebook has used facial recognition technology on photos posted to the site since 2010, to automatically detect and name faces. So, if someone posts your photo to a private group you're not a part of, you won't get a notification about it.

isis-killer-beheading-video-story-top Salvation Army to help local families with donated Christmas gifts
Dec 20, 2017 - 01:35
The Community Foundation will match up to $40,000 in donations made Friday - the biggest match day of the year, he said. The woman said since she got her ring back, she has not taken it off.

isis-killer-beheading-video-story-top People with Egg Allergies Shouldn't Worry About the Flu Shot, Guidelines Say
Dec 20, 2017 - 01:35
ZANESVILLE, Ohio- Flu activity has officially been elevated to "widespread" in the state of Ohio according to health officials. The new findings mean that even more people will be able to get their recommended flu shot without sacrificing peace of mind.