Eric Schmidt is stepping down as Alphabet's Executive Chairman

24 December, 2017, 03:07 | Author: Juana Mckenzie
  • TechCrunch

Eric Schmidt will step down as executive chairman of Google-parent Apple in January, taking on a role as technical advisor to the company.

Eric Schmidt, who helped oversee Google's rise from search startup to global giant, is stepping down as the executive chairman of Alphabet, Google's parent company. He served as CEO until 2011, when he transitioned to become executive chairman, allowing co-founder Larry Page to become CEO.

Mr Schmidt said that he, Google founders Larry Page and Sergey Brin, as well as chief executive Sundar Pichai, "believe that the time is right in Alphabet's evolution for this transition".

"The Alphabet structure is working well, and Google is thriving".

Gold coin dropped in red kettle, could fetch $600
Local officials believe the charity will meet or surpass its $515,000 fundraising goal for the year. Saturday is the last day bell ringers will stand outside of stores.

Schmidt has been a key figure at Google for some 17 years.

Then, Schmidt's role changed and he became executive chairman and travelled the world.

"Since 2001, Eric has provided us with business and engineering expertise and a clear vision about the future of technology", said Larry Page, CEO of Alphabet in a statement. The company now has more than 70,000 employees worldwide, with services that include Gmail, Android and YouTube.

Google's one-time "adult supervisor" is getting closer to retirement. The company expects to replace him with a non-executive chairman.

Apple confirms it slows down older iPhones
Lithium-ion batteries are commonly used in mobile devices, and charging capacity naturally wanes with use and time. Apple design of handsets makes it borderline impossible for people to change batteries themselves.

Other companies in the lawsuit which reached earlier settlements included eBay, Lucasfilm, Pixar and Intuit.

According to the company's latest proxy filings from April, Schmidt held shares worth about $4.9 billion and maintained 5.6 percent voting control over the company.

Alphabet shares were down less than a percent in after-hours trading at $1,070.85. In recent years, Schmidt has taken to philanthropy.

Schmidt is also known to speak out on technology issues, expressing concerns about matters such as online spying and barriers to the free-flow of data.

Trailer For 'Mamma Mia! Here We Go Again' Is Here
The preview makes it seem like Streep's character was killed off in the film, though that has yet to be confirmed. Amanda Seyfried and Dominic Cooper return as Donna's daughter Sophie and her beau Sky.

Recommended:



Popular

BJP created 'so-called' 2G scam out of fear: Congress
The meeting is being attended by former party chief Sonia Gandhi and other members of the party's highest decision-making body.

LG to debut new 34-inch 5K monitor at CES
The Thunderbolt 3 port is also very versatile so it allows notebook connections or transmit 4K content with just a single wire. It will have a 98 percent coverage of the DCI-P3 color range and will utilise "Nano IPS" to improve image and color quality.

Commerce Department sides with Boeing on CSeries tariff
Bombardier argues that they wouldn't since Boeing does not make an aircraft the size of the 100- to 130-seat CS 100. The Chicago-based aircraft manufacturing giant said the final duty determination validates its complaint.

Canadian PM Broke Ethics Rules by Visiting Aga Khan Island: Watchdog
Trudeau is subject in his role as an MP, and a number of provisions of the Conflict of Interest Act , which applies to Mr. Trudeau failed to order his private affairs in a manner to guard against conflicts of interest, as required by law.

Uber is a taxi service: European Union court
And Uber was just dealt a massive blow in Europe, where a court ruled the company has to abide by cab regulations. Harford has worked for and competed with Khosrowshahi, 48, in the online travel business.

Democrat wins recount in Virginia House race
Given that this race will determine whether Republicans keep control of the state House, stay tuned for the final results. The race is now a tie after the contested vote was changed to Republican candidate David Yancey after judges reviewed it.

Apple Is Reportedly Preparing a Way to Unify Mac and iOS Apps
Developers will be able to design a single app that works as well with a touchscreen as it does with a mouse and trackpad. Apple isn't in a position to ditch the Mac platform because it's still more capable than iOS on the iPhone and iPad.

Census: Illinois loses title of 5th largest state to Pennsylvania
The top 10, in order, were: Texas, Florida, California, Washington, North Carolina, Georgia, Arizona, Colorado, Tennessee and SC . But this was offset by some 45,000 people from other counties moving to MA , resulting in a net migration increase of 22,000.

Winter Solstice yoga event at The Jam Handy
Although they both relate to a similar thing, there is a big difference between an equinox and a solstice. The axis is the line through the planet that Earth spins around, connecting the north and south poles.

MLS expected to announce Nashville expansion team
Reports out of Cincinnati and from the Mercury News in California point to Cincinnati as the next to win an expansion team. If either Sacramento or Cincinnati doesn't get a franchise now, they're nailed on to join a year later.