Eric Schmidt is stepping down as the executive chairman of Alphabet (parent company of Google), after serving in that role since 2011. Before that, he was the CEO beginning in 2001 until that role was taken over by Larry Page.
Schmidt will remain on Alphabet's board of directors, but only as a technical adviser on "science and technology" issues.
In the statement announcing the shift, Schmidt said that he'd been focusing on those issues a lot in recent years and now plans to pursue that work in greater depth. Schmidt also plans to devote more time to philanthropy.
No reason was given for the sudden departure, which will likely lead to som…
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