After a long and fruitful leadership, the executive chairman of Alphabet, Google’s offspring company, will leave his position. Eric Schmidt, 62, will not permanently leave the company, as he declared he will remain in the board of directors, and will continue helping his colleagues as a technical advisor.
On Monday, Schmidt announced the company he intended to leave his position. He didn’t offer any explanation as to why he took this decision and why he chose this moment to do it, but said he still wanted to remain a member of the board.
Schmidt’s decision was commented upon by Sergey Brin and Larry Page, Google’s co-founders, and by Sundar Pichai, Google’s CEO. They said it came at the right moment in Alphabet’s evolution, so Schmidt might have pondered his decision really carefully.
Larry Page is also CEO of Alphabet, and he declared how Schmidt offered valuable advice during his career, as he had a great vision of how technology should evolve. Also, his knowledge of business and engineering were of great help in the development of the company. A new chairman will probably get appointed some time at the beginning of January.
He had a huge contribution in the development of Google and Alphabet
The formation of Alphabet was necessary to satisfy both directions Google was interested in. The main company remained focused on advertising, while Alphabet took the responsibility of dealing with the business and technical part. For ten years, Schmidt served as a great chairman who guided the young owners and offered them the most valuable advice.
He came aboard Google in 2001 and, in 2004, he made the great move to convince Page and Brin to make it public. He also contributed to the increase of Alphabet, which became the second-biggest company in the world judging from its market value. The man also owns 1 percent of Google and, when asked what he would do with his time, he said he would focus more on science and philanthropy.
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