SAN FRANCISCO Alphabet said on Thursday its executive chairman Eric Schmidt will step down next month, ending a 17-year run in which he played a central role in building a promising start-up called Google into a global technology powerhouse.
He will continue to serve on the Alphabet’s board of directors and act as an adviser focused on technical and science issues.
“The time is right in Alphabet’s evolution for this transition,” Mr Schmidt said in a statement.
“I’m incredibly excited about the progress our companies are making and about the strong leaders who are driving that innovation,” said chief executive Larry Page in a statement.
Mr Schmidt, who was recruited to the company by Google co-founders Page and Sergey …
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