Google’s first CEO Eric Schmidt is stepping down as Alphabet’s executive chairman

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Eric Schmidt, Google’s first CEO and longtime executive at the company, is stepping down from his current role as executive chairman of Google parent company Alphabet. Schmidt will not leave the company, as he’ll continue with his role on Alphabet’s board of directors, and in a role as a “technical advisor.”

Schmidt was first brought on by Google’s founders, Larry Page and Sergey Brin, as the CEO of Google. He was responsible for taking the company public, and for transitioning it from a search engine into a company with interests from mapping to mobile operating systems.

“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,” Schmidt said in a tweet. – READ MORE

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