Eric Schmidt stepping down as chair of Alphabet board

Google's parent company Alphabet on Thursday announced that Eric Schmidt will step down as chairman, remaining on the board but shifting into a role 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 in a release. Schmidt's stint as executive chairman is to end at a regularly-scheduled board meeting next month, according to Alphabet.

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