Gadgetory

alphabet is getting a shake up Eric Schmidt is stepping down from his role as executive chairman at alphabet the company you probably know better as Google's parent the billionaire is transitioning to a role of technical adviser and will continue to serve on the alphabet board worth an estimated 13.8 billion dollars Schmidt has been with the company for 17 years he became Google's CEO in 2001 then moved to executive chairman staying in the role even ask Google restructured to become part of alphabet in 2015 in a statement Schmidt said Larry Sergey sundar and I all believes at the time is right in alphabets evolution for this transition he mentioned that he's going to expand on his philanthropic work and spend more time on science and tech issues at the end of 2016 Schmidt sat on a round table with then president-elect Trump alongside other tech chiefs including Tim Cook and Jeff Bezos alphabet is expected to announce a non-executive chair in January for more tech news head to see Netcom