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    Google Executive Chairman Eric Schmidt

    Eric Schmidt Steps Down as Chair of Google Parent Company Alphabet

    © AFP 2018 / DANI POZO
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    According to a Thursday release from Google's parent company Alphabet, Eric Schmidt "will be transitioning from his position as executive chairman of the board of directors and becoming a technical advisor to the company while continuing to serve on its board."

    The change in position will be effective January 2018.

    "Since 2001, Eric has provided us with business and engineering expertise and a clear vision about the future of technology," Larry Page, CEO of Alphabet, said in a statement. "Continuing his 17 years of service to the company, he'll now be helping us as a technical advisor on science and technology issues."

    "I'm incredibly excited about the progress our companies are making, and about the strong leaders who are driving that innovation."

    The release adds that the Alphabet board "will appoint a non-executive chairman."

    In response to the news, Schmidt released a statement saying that he "can't wait to dive into the latest science, technology, and philanthropy."

    Schmidt spent a total of 10 years as the company's CEO and seven as the executive chairman.

    The 62-year-old software engineer was brought onto Google in 2001 by founders Larry Page and Sergey Brin as the search engine giant's chief executive. He later took up the role as Alphabet's executive chairman in 2011.

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