Eric Schmidt speaks at a National Security Commission conference on artificial intelligence on November 5, 2019 in Washington
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Former Google CEO Eric Schmidt no longer serves as a business advisor, according to a report on Saturday. Schmidt ceased to be technical advisor in February, according to CNET, who cited an anonymous source.
Schmidt’s release would reflect Google’s structural evolution in recent years. He created the umbrella company Alphabet alongside other bets like Waymo in 2015. In December, the co-founders Larry Page and Sergey Brin resigned from their respective roles as CEO and president while the head of Google, Sundar Pichai , became CEO of the largest Alphabet.
Schmidt is also part of Google’s history, having joined as CEO of Novell in 2001 and leading the company through its Nasdaq debut in 2004. In 2011, Page replaced him as CEO of Google, but he remained on the board of directors and took the title of director chairman of the board.
A Google representative did not immediately respond to CNBC’s requests for comment.
In December 2017, Alphabet stated in a declaration that Schmidt would step down as executive chairman of Alphabet and serve as an advisor focusing on scientific and technological issues.
“Larry, Sergey, Sundar and I all believe that the time is right in the evolution of Alphabet for this transition. The structure of the Alphabet is working well, and Google and the other bets are thriving,” Schmidt told the time. He said he wanted to focus more on philanthropy, among other things. Since 2016, he has been president of the US Defense Innovation Board.
New York Governor Andrew Cuomo, who led his state’s response to the coronaviruses, said in a tweet on Wednesday that Schmidt would become “chairman of a blue ribbon commission that would reinvent the way our state can rebuild by better”.
Last year, Schmidt did not ask for re-election to the board of directors at the end of his last mandate, but he retained his title of technological advisor. According to FactSet, he owns 4.1 million shares of Alphabet Class C.
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