Alphabet Inc said on Thursday its Executive Chairman Eric Schmidt will step down in January, ending a 17-year-run in which he played a central role in building a promising startup called Google into a global technology powerhouse.
Mr. Schmidt will continue to serve on the Alphabet’s Board of Directors and act as an adviser on focused on technical and science issues, the company said.
The time is right in Alphabets 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 Mr. Page and Sergey…
Read the full article at: http://www.thehindu.com/sci-tech/technology/eric-schmidt-to-step-down-as-executive-chairman-from-googles-parent-company-alphabet/article22216709.ece