One of the longest-running Google executives is stepping away from the tech giant.
Eric Schmidt, who joined Google in 2001 as CEO and served as executive chairman of Google’s parent company Alphabet, is stepping aside from his current role. He will serve as a technical advisor, the company announced on Thursday.
CNBC was first to report the news.
“Larry, Sergey, Sundar and I all believe that the time is right in Alphabet’s evolution for this transition,” Schmidt said in a statement, according to CNBC.
Google cofounders Larry Page and Sergey Brin had recruited Schmidt in 2001. He had previously served as CEO of software company Norvell. Schmidt became chairman of Alphabet again Google reorganized in 2015. Sundar Pichai serves as CEO of Google. Read more…
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Originally syndicated from Eric Schmidt steps down as chairman of Google’s Alphabet
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