Eric Schmidt shocked Silicon Valley with a surprise announcement Thursday that he’s stepping down as executive chairman of Google’s parent company, Alphabet.

The 62-year-old tech tycoon — who, according to Google co-founder Sergey Brin, was originally tapped as CEO in 2001 to provide “adult supervision” for himself and Larry Page — said in a statement that he will remain at Alphabet as a “technical advisor.”

via Eric Schmidt’s surprise Alphabet announcement rekindles ‘womanizing’ rumors | New York Post

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