Eric Schmidt is stepping down as executive chairman of Alphabet, Google's parent company
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Eric Schmidt is stepping down as the Executive Chairman of Google parent company Alphabet, the company confirms. He will take a new role as a "technical advisor" at the parent company.
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Schmidt joined Google as its CEO in 2001. In 2015, Google created Alphabet as a new parent company, with Schmidt transitioning over as Executive Chairman of the new entity. At that time, Sundar Pichai became the CEO of Google.
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