, which cited an unnamed source.
Schmidt's exit would reflect Google's structural evolution in recent years. It established umbrella company Alphabet alongside Other Bets like Waymo in 2015. In December, co-founders Larry Page and Sergey Brinfrom their respective roles of CEO and president as Google chief Sundar Pichai became CEO of the larger Alphabet.
Schmidt is also part of Google's history, having joined as CEO from Novell in 2001 and led the company through its Nasdaq debut in 2004. In 2011, Page replaced him as Google CEO, but he stayed on the board and took on the title of executive chairman of the board.In December 2017, Alphabet said in athat Schmidt would be leaving the Alphabet executive chairman post and serve as an advisor focusing on science and technology issues.
"Larry, Sergey, Sundar 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 was quoted as saying at the time. He said he wanted to focus more on philanthropy, among other things. Since 2016 he has been chairman of the U.S. Defense Innovation Board.
On Wednesday, New York Gov. Andrew Cuomo, who has been spearheading his state's coronavirus response, said in a tweet that Schmidt would become "chair of a blue-ribbon commission that will reimagine how our state can Build Back Better."
Source: News Formal (newsformal.com)
Long time to get him a boot!
that's fine, if its good for society then who knows
About time the stock market elevates
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