Eric Schmidt to step down as executive chairman of Google's parent company
24 December, 2017, 03:04 | Author: Shannon Newton
The company says he will become a technical adviser and will continue to sit on the board. Page replaced Schmidt as chief executive a decade later, but Schmidt remained at the head of the board of directors.
No reason was provided for the change.
Added Schmidt, "Larry, Sergey, [Google CEO 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", Schmidt said in a statement Thursday.
It's going to be a long summer's day today, seriously
The exact times of sunrise and sunset depend on two things: your latitude and geographic location within your time zone. Northerners spend most of the longest solar day of the year facing away from the Sun in the cold of a winter's night.
Alphabet executive chairman Eric Schmidt speaks at the 2017 SALT conference in Las Vegas.
He was Google's CEO for ten years until 2011, and the chairman of the board from 2001 to 2004, and later from 2007 to 2001.
Schmidt, who 17-years-ago stepped in as the adult in the room to guide the then-young company, said he will spend his time working on science and technology issues and philanthropy. In 2015, Google restructured to become Alphabet and Schmidt assumed the same role at the newly named parent company.
Schmidt has been with Google in some capacity or another since 2001, when he was brought into the company by Sergey Brin and Larry Page.
Alphabet's "Other Bets" businesses include self-driving vehicle company Waymo, and other technology companies such as Nest, Fiber and Verily.
Alphabet owns Google Search, Maps, Ads, Gmail, Android, Chrome and Youtube and has more than 70,000 employees. The business will join Apple and Microsoft who are both huge companies with a non-executive chairman.
Forbes, which ranked Schmidt at No. 119 on its list of the world's billionaires, calculates that the outgoing chairman has net worth of $11.1 billion. In recent years, Schmidt has taken to philanthropy.
Alphabet shares were down less than a percent in after-hours trading at $1,070.85.
Many taxi drivers saw Wednesday's court decision as an important symbolic victory, The Washington Post reported . In short, this means Uber will now be officially recognised as a cab company rather than a technology company.
With those tools in place and this new deal, Facebook is another step closer in its quest to be a destination for high-end video. Initially the partnership will mean that users will be able to upload videos that contain licensed music to the three platforms.
Trudeau told reporters he accepted the findings of the report and that he took "full responsibility" for the mistake. The breach is the first ever by a sitting Canadian prime minister, but carries with it no sanctions.
International Trade Commission, which is expected to decide in February whether Boeing was harmed by the C Series. Canada's government will review the final determinations to consider next steps and options for appeal, she said.
Like most people, you might be considering the option of replacing the phone entirely without attempting to have it checked out. And because it's so gradual, progressively shorter battery life is ignored by most people, until it's time for a new iPhone.
Pier 39, packed with restaurants, bars and souvenir shops, is one of San Francisco's most popular tourist spots . Officials have stopped a man who they say was plotting a terror attack in San Francisco over the holidays.
Sure, Smith went on a cold streak during the middle of the season, but Rivers wasn't so hot at the beginning of the year. Smith was named as an alternate which softens the blow a little, but it's still baffling that he didn't get in.
Wyoming had the largest percentage decline among states, losing almost 5,600 resident or about 1% of the state's population. Other states in the West - Nevada, Utah and Washington - saw similar percentage increases in their population.
North Korea has repeatedly defied Security Council resolutions to halt its nuclear weapons and missile testing. It requires countries using North Korean laborers to send them back home within 12 months.
The company later became a huge success with Schnatter also turning into a pop culture staple for his commercials. Papa John's added Ritchie to the succession plan for the company's top job in 2015 when he was named president.
Franken says he'll leave Congress in 'few weeks'
A special election will be held in Minnesota to permanently fill the seat timed to next year's midterm elections in November. I will live by whatever decision and I will walk away thinking about this opportunity I've had while I was here.