{"id":45939,"date":"2017-12-26T01:52:09","date_gmt":"2017-12-26T01:52:09","guid":{"rendered":"http:\/\/www.bnreport.com\/eric-schmidt-to-step-down-as-boss-of-google-owner-alphabet-after-16-years\/"},"modified":"2017-12-26T01:52:09","modified_gmt":"2017-12-26T01:52:09","slug":"eric-schmidt-to-step-down-as-boss-of-google-owner-alphabet-after-16-years","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/eric-schmidt-to-step-down-as-boss-of-google-owner-alphabet-after-16-years\/","title":{"rendered":"Eric Schmidt to step down as boss of Google owner Alphabet after 16 years"},"content":{"rendered":"

\"jasper<\/a><\/p>\n

\"Eric
A file photo of Eric Schmidt (Picture: AP Photo)<\/figcaption><\/figure>\n

Eric Schmidt, the executive chairman of Google\u2019s parent company Alphabet, will stand down in January, the company has announced.<\/p>\n

Mr Schmidt will remain on the board as a technical adviser, having overseen the company\u2019s transition from start-up to technology giant.<\/p>\n

He joined Google in 2001 as chief executive, before becoming chairman in 2011 and then overseeing a major restructure in 2015 that created parent company Alphabet \u2013 with Google as one arm of the firm and other businesses such as its driverless car venture forming the other wing known as \u2018Other Bets\u2019.<\/p>\n

Mr Schmidt said the decision had been reached following discussions with Google co-founders Larry Page and Sergey Brin, and chief executive Sundar Pichai.<\/p>\n

\u2018Larry, Sergey, Sundar and I all believe that the time is right in Alphabet\u2019s evolution for this transition. The Alphabet structure is working well, and Google and the Other Bets are thriving,\u2019 he said.<\/p>\n

\u2018In recent years, I\u2019ve been spending a lot of my time on science and technology issues, and philanthropy and I plan to expand that work.\u2019<\/p>\n

\"Do
Page used to be chief executive of Google (Picture: Getty Images)<\/figcaption><\/figure>\n

Alphabet chief executive Mr Page added: \u2018Since 2001, Eric has provided us with business and engineering expertise and a clear vision about the future of technology.<\/p>\n

\u2018Continuing his 17 years of service to the company, he\u2019ll now be helping us as a technical adviser on science and technology issues.<\/p>\n

\u2018I\u2019m incredibly excited about the progress our companies are making, and about the strong leaders who are driving that innovation.\u2019<\/p>\n

More: UK<\/a><\/h3>\n

<\/a><\/p>\n

<\/a><\/strong> <\/a><\/p>\n

<\/a>Original Article<\/p>\n

[contf] [contfnew] <\/p>\n

METRO<\/a><\/h5>\n

[contfnewc] [contfnewc] <\/p>\n

The post Eric Schmidt to step down as boss of Google owner Alphabet after 16 years<\/a> appeared first on News Wire Now<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

A file photo of Eric Schmidt (Picture: AP Photo)
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