Alphabet to See Schmidt Step Down

By

In 2001, it was a much different world. Our digital age was in its infancy, simply seed ideas in Silicon Valley. Today, technology titans like Google continue to guide our journey into a new era of connectivity, collaboration and innovation.

In 2001, Google brought Eric Schmidt on board as CEO. To 10 years later become executive chairman, and continue to serve in this capacity through restructuring, and the birth of Alphabet. Google announced Schmidt is planning on stepping down as executive chairman, and will continue with the company in a technical advisory role. 

“Since 2001, Eric has provided us with business and engineering expertise and a clear vision about the future of technology,” noted Larry Page, CEO of Alphabet. “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.”

After ten years as CEO and seven as Executive Chairman, I can’t wait to dive into the latest in science, technology, and philanthropy. I look forward to working with Larry and Sergey on our future here at Alphabet. https://t.co/nVnZqMEHoI

— Eric Schmidt (@ericschmidt) December 21, 2017

What does the future hold for Schmidt? In recent years, Schmidt has taken to philanthropy. Between the Schmidt Family Foundation, Rise of the Rest, the Alliance for Southern California Innovation, his role on the board for the Broad Institute and lest we forget his new technical advisor position at Alphabet, Schmidt’s schedule seems jam packed.

"Larry, Sergey, Sundar and I all believe that the time is right in Alphabet's evolution for this transition," Schmidt said in a statement. "The Alphabet structure is working well, and Google and the Other Bets are thriving. In recent years, I've been spending a lot of my time on science and technology issues, and philanthropy, and I plan to expand that work."

In his advisory role, the expectation is that Schmidt will help spearhead Sidewalk Labs (Alphabet’s deep learning initiative) and see him hands on with Verily and Calico working in healthcare.

As of Alphabet’s next board meeting, the transition will officially begin with the naming of a non-executive chairman – joining major companies Apple and Microsoft with non-executive chairman. 




Edited by Maurice Nagle
SHARE THIS ARTICLE
Related Articles

SEPTA Puts ZeroEyes on Public Gun Safety

By: Greg Tavarez    11/28/2022

SEPTA looked to ZeroEyes to start a pilot program designed to reduce the likelihood of gun-related violence on train platforms.

Read More

Brand Interaction in Metaverse? Consumers Express Excitement

By: Greg Tavarez    11/25/2022

Almost three-fourths of consumers believe brand interactions in the metaverse are in a position to replace brand interactions in the real-world, or at…

Read More

WB Trading Review Guide To Top Tech For Trading Success

By: Contributing Writer    11/23/2022

There are many different types of technology that you can use when it comes to trading investments. This WB Trading review will discuss some of the to…

Read More

United (Fungi) Front: Industry Leaders Join Forces to Advance Sustainable Protein

By: Matthew Vulpis    11/18/2022

Mush Foods teamed up with several fungi fermentation companies from abroad to form a new international trade association: The Fungi Protein Associatio…

Read More

What Is Banking CRM and How Can It Help You?

By: Contributing Writer    11/15/2022

When most people think about CRM, they think about sales and marketing. But CRM banking is a powerful tool that can help banks and credit unions impro…

Read More