Wednesday, 19 September, 2018

Alphabet to See Schmidt Step Down

Alphabet to See Schmidt Step Down Alphabet to See Schmidt Step Down
Isabel Fisher | 23 December, 2017, 02:05

Alphabet Chairman Eric Schmidt will step down as executive chairman and transition to the role of technical advisor, while continuing to serve on the board, the company announced Thursday.

Schmidt will remain on Alphabet's board and in January will become a "technical advisor" to a group of folks that have some pretty strong tech experience.

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. But he retained a highly influential role at the company and continued to serve in many ways as its public face.

You can read the entirety of the statement over on Alphabet's investor site.

Before bringing discipline of sort to Google, Schmidt served at Sun, Novell, Bell Labs, and Xerox PARC, among other organizations.


Google attributes Mr. Schmidt as the person who was able to refine Google from what it originally was and into the mature powerhouse business that it has become today.

Through a Google spokesman, Schmidt declined to comment. He seemed to winkingly confirm that in 2011, when he quipped upon his transition from CEO to executive chairman, "Day-to-day adult supervision no longer needed!" During President Barack Obama's administration, Schmidt, who has supported many Democratic politicians, prominently represented Google on policy matters. Four years later, the company restructured to form Alphabet as the parent company of Google and other subsidiary organizations. The company feels he was invaluable to the evolution of the company, as this was done without "throwing away the uniqueness that was Google during those early days".

The key outlet for that philanthropy has been The Schmidt Family Foundation, founded by Schmidt and his wife Wendy in 2006.

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

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