Eric Schmidt said Thursday that he is stepping down from his role as executive chairman of Alphabet, the parent company of Google, and will begin serving next year in a more limited capacity as a technical advisor.
Although he will keep a position on the board, the announcement marks the end of an era – both for Schmidt, who was brought on in 2001, and for the company, which underwent a major restructuring in 2015. That transition saw Google separate its traditional operations, such as search, Gmail and YouTube, from some of its more ambitious and costly ventures, including its experiments in health care and new technology.
Schmidt said Thursday he felt confident stepping aside after having successfully overseen Google’s evolution into Alphabet.
(c) 2017, The Washington Post · Brian Fung