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SAN FRANCISCO – Google's parent company, Alphabet, said Tuesday that Eric Schmidt, its chief executive, plans to relinquish his position on the board of directors in June.
His departure for the internet giant, in a shake-up of one of the coziest and most stable corporate boards in Silicon Valley. Another member, Diane Greene, who won her seat in 2012 and had been running Google's cloud computing business until this year, will also not seek re-election.
Mr. Schmidt, who was chief executive officer for seven years, oversaw the meteorology of an internet powerhouse.
He was brought to the company in 2001 to provide oversight for its young founders, Larry Page and Sergey Brin. He used Google's takeover and oversaw major acquisitions like YouTube and DoubleClick, which gave Google as an industry giant.
Mr. Schmidt stepped down as executive chairman of Alphabet in January 2018 goal kept his board seat. He will not seek re-election when his term expires in June, Alphabet said. On TwitterMr. Schmidt said he would have a technical adviser to Alphabet and Google.
Robin L. Washington, an executive vice president and chief financial officer of Gilead Sciences, has a biopharmaceuticals company. Before the announcements changes, seven of Alphabet 's 11 directors had been on the board for more than a decade.
The board of directors has had the task of scrutinizing the board of directors of the board of directors.
The lawsuit, quoting minutes and emails, said board members said, "Mr. Alpin, the Chairman of the Board.
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