Home Top Stories Eric Schmidt is reportedly not an advisor to the corporate

Eric Schmidt is reportedly not an advisor to the corporate

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Eric Schmidt speaks throughout a Nationwide Safety Fee on Synthetic Intelligence convention November 5, 2019, in Washington

Alex Wong | Getty Photos

Former Google CEO Eric Schmidt is not serving as an advisor to the corporate, in keeping with a Saturday report. Schmidt stopped serving as technical advisor in February, in keeping with CNET, which cited an unnamed supply.

Schmidt’s exit would mirror Google’s structural evolution in recent times. It established umbrella firm Alphabet alongside Different Bets like Waymo in 2015. In December, co-founders Larry Web page and Sergey Brin stepped down from their respective roles of CEO and president as Google chief Sundar Pichai grew to become CEO of the bigger Alphabet.

Schmidt can be a part of Google’s historical past, having joined as CEO from Novell in 2001 and led the corporate by means of its Nasdaq debut in 2004. In 2011, Web page changed him as Google CEO, however he stayed on the board and took on the title of government chairman of the board.

A Google consultant didn’t instantly reply to CNBC’s requests for remark.

In December 2017, Alphabet mentioned in an announcement that Schmidt can be leaving the Alphabet government chairman publish and function an advisor specializing in science and expertise points.

“Larry, Sergey, Sundar and I all consider that the time is true in Alphabet’s evolution for this transition. The Alphabet construction is working properly, and Google and the Different Bets are thriving,” Schmidt was quoted as saying on the time. He mentioned he wished to focus extra on philanthropy, amongst different issues. Since 2016 he has been chairman of the U.S. Protection Innovation Board.

On Wednesday, New York Gov. Andrew Cuomo, who has been spearheading his state’s coronavirus response, mentioned in a tweet that Schmidt would turn into “chair of a blue-ribbon fee that may reimagine how our state can Construct Again Higher.”

Final yr Schmidt didn’t search reelection to the board as his newest time period got here to an finish, however he stored his title as expertise advisor. He owns 4.1 million shares of Alphabet Class C inventory, in keeping with FactSet.

Learn CNET’s full report right here.

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