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Eric Schmidt, Diane Greene, to leave the board of the alphabet

Eric Schmidt, former Chairman and CEO of Google.

John Lamparski | Getty Images

The alphabet announced that Eric Schmidt will not seek re-election to the post he has held since 2004.

Schmidt first joined Google as Managing Director in 2001, when the company had just a few hundred employees and, ten years later, became its chief executive and handed over the role of CEO to co-founder Larry Page. He held that presidency when Google restructured to become the alphabet in 2015, then announced that he had stepped off this role, but stay on board in December 2017.

"Eric has extraordinarily contributed to Google and Alphabet as CEO, Chairman and Board Member. We are extremely grateful for his leadership and leadership for many years," said John Hennessy, Chairman of the Board of Directors of Alphabet, in a statement.

Former Google Cloud chief Diane Greene, who has been on board of directors since 2012, will also not seek re-election. Former Oracle Manager Thomas Kurian has replaced Green as its cloud business leader earlier this year.

Both dates will end in June.

The company also added a new board member, Robin L. Washington, who joined April 25 and will be part of the Board of Directors and Compensation Committee. Washington is currently CFO of the biopharmaceutical company Gilead Sciences. The alphabet is increasingly becoming a technology leader and hires David Feinberg to lead a new Google Health division last November.

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