For well over a decade, the face associated with Google, other than its founders Larry Page and Sergey Brin was that of Eric Schmidt. Now, Schmidt has stepped down as Executive Chairman of Alphabet. The Google founders had got him on board to help them with a mature outlook, professional expertise and a sense of direction with the future of technology.
Recognizing Schmidt’s contributions, Alphabet said in its statement, “Since 2001, Eric has provided us with business and engineering expertise and a clear vision about the future of technology.” The statement adds that he will continue his “17 years of service to the company”, and will continue to be associated with Alphabet as a technical advisor on science and technology issues.
Through the statement, Schmidt added that he’s incredibly excited about the progress made by companies within the Alphabet bouquet, and the leaders that are driving them. He tweeted his announcement earlier today.
After ten years as CEO and seven as Executive Chairman, I can’t wait to dive into the latest in science, technology, and philanthropy. I look forward to working with Larry and Sergey on our future here at Alphabet. https://t.co/nVnZqMEHoI
— Eric Schmidt (@ericschmidt) December 21, 2017
As pointed out by TechCrunch, back in 2008, Google co-founders Larry Page and Sergey Brin along with Eric Schmidt had pledged to work together for at least 20 years. Since then, Larry Page did take a more prominent role within the company’s leadership in 2011. In 2015, Alphabet also announced Sundar Pichai as the CEO of its flagship company Google.
The move by Schmidt does allow him to continue working with the Google leadership for years to come, and eventually stand true on the pledge taken close to 10 years ago about working together for a couple of decades.