Eric Schmidt shocked Silicon Valley with a surprise announcement Thursday that he’s stepping down as executive chairman of Google’s parent company, Alphabet.
The 62-year-old tech tycoon — who, according to Google co-founder Sergey Brin, was originally tapped as CEO in 2001 to provide “adult supervision” for himself and Larry Page — said in a statement that he will remain at Alphabet as a “technical advisor.”
“In recent years, I’ve been spending a lot of my time on science and technology issues, and philanthropy, and I plan to expand that work,” Schmidt said.
The Emergency Election Sale is now live! Get 30% to 60% off our most popular products today!