Former Google CEO Eric Schmidt is resigning from Alphabet’s board

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Eric Schmidt, the former Google CEO, will not be seeking reelection to the board of directors of Google’s parent company. Schmidt plans to step down from Alphabet’s board after his term expires on June 19^th. He will, however, continue to serve the board in an advisory role. Schmidt first joined Google as CEO in 2001. He has slowly been making his exit from the company in the past few years. Back in 2017, he stepped down as executive chairman of Alphabet’s board so he can devote time to his family’s foundation. His departure also comes at a time when Alphabet has been falling short of its earnings goals.

Aside from Schmidt, former Google Cloud CEO Diane Greene is also leaving the board this summer. She stepped down as CEO of Google Cloud back in November. Meanwhile, Robin L. Washington, the current Executive Vice President and CFO of Gilead Sciences, will be joining the board.

After 18 years of board mtgs, I'm following coach Bill Campbell's legacy & helping the next generation of talent to serve. Thanks to Larry, Sergey & all my BOD colleagues! Onward for me as Technical Advisor to coach Alphabet and Google businesses/tech, plus…..

— Eric Schmidt (@ericschmidt) April 30, 2019

 

Source: Engadget

Alphabet executive chairman and former Google CEO Eric Schmidt steps down from post

Eric Schmidt, former Google CEO and current Alphabet executive chairman, is stepping down from his existing role in Google’s parent company but will transition into a new role as technical advisor and board member of Alphabet. In a statement, Schmidt says, “Larry [Page], Sergey [Brin], Sundar [Pichai] and I all believe that the time is right in Alphabet’s evolution for this transition. The Alphabet structure is working well, and Google and the Other Bets are thriving.” He also adds that he’d like to continue work related to science and technology issues and philanthropy. Schidmt has worked in senior roles at Google since 2001 when he was brought on by Page and Brin to serve as Google’s chief executive.