From Recode: Alphabet’s Eric Schmidt is stepping down from his role as executive chairman of the company, according to a press release published Thursday.
Schmidt was Google’s CEO for a decade, stepping away in 2011, and has been chairman of Google, now Alphabet, since 2001. He helped oversee Google’s transition into Alphabet and will remain on the company’s board, but in a “technical advisor” role focused on science and tech projects. The key change is he’ll be stepping away from his day-to-day work leading Alphabet’s board.
The company says it expects to “appoint a non-executive chairman,” presumably sometime next year.
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