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Eric Schmidt stepping down as chairman of Alphabet board

62-year-old's stint as executive chairman of Google's parent company to end next month; he had joined the company 17 years ago

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Mr Schmidt ranks among the world's richest people. A Forbes real-time tracker on Thursday pegged his net worth at US$13.8 billion.

San Francisco

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 adviser.

"In recent years, I've been spending a lot of my time on science and technology issues, and

sentifi.com

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