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Alphabet's Eric Schmidt to step down as Executive Chairman

He will continue to serve on the board of directors of Alphabet

Reuters  |  San Francisco 

Alphabet 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. He 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 Alphabet’s evolution for this transition,” Schmidt said in a statement. “I'm incredibly excited about the progress our companies are making and about ...

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First Published: Sat, December 23 2017. 02:08 IST