A little late in the day news dump for you, ahead of the upcoming holiday. Longtime Google executive Eric Schmidt announced today that he’ll be stepping down from his role as the executive chairman of Alphabet’s board of directors.
Alphabet has confirmed the move with TechCrunch, offering up a statement from Schmidt.
“Larry, Sergey, Sundar and I all believe that the time is right in Alphabet’s evolution for this transition,” he said in the statement. “The Alphabet structure is working well, and Google and the Other Bets are thriving. 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.”