Eric Schmidt is stepping down as the executive chairman of Alphabet

Eric Schmidt to step down as Alphabet executive chairman from CNBC.

Eric Schmidt will be stepping down as the executive chairman of Alphabet's board of directors and transitioning to technical advisor, the company announced. He will continue to serve on the company's board. Schmidt first joined Google as CEO in 2001, back when the company only had several hundred employees, and become its executive chairman 10 years later. He maintained that role when Google restructured to become Alphabet in 2015. --More...