Eric Schmidt, Alphabet Chairman, to Take Advisory Role
Alphabet Executive Chairman Eric Schmidt this week said he plans to step down from his leadership role on the company's board and will instead serve as a technical advisor to the company. "Larry, Sergey, Sundar and I all believe that the time is right in Alphabet’s evolution for this transition. The Alphabet structure is working well, and Google and the Other Bets are thriving," said Schmidt. "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." Alphabet is the umbrella organization that serves as parent to Google and other divisions. Google founders Larry Page, now CEO of Alphabet, and Sergei Brin will remain in their respective roles, as will Sundar Pichai, CEO of Google. The change will go into effect in January 2018. Google didn't say who might replace Schmidt. He served as Google's CEO from 2001 to 2011.
Apr 29, 2018
T-Mobile and Sprint today announced plans to merge in an all-stock deal that will create a "New T-Mobile" worth $146 billion. The new company's combined radio spectrum assets will allow it to accelerate deployment of 5G technology.
Jun 8, 2018
Verizon Communications today said long-serving Lowell McAdam will vacate his position as CEO on August 1. He will remain with the company as Executive Chairman of the Board through the end of the year, and then transition to a Non-executive Chairman role in 2019.
Oct 31, 2017
Samsung today made sweeping changes to its leadership. The news comes several weeks after Kwon Oh-hyun, CEO and Vice President of Samsung Electronics Corp., announced plans to step down from his leadership role with the company.
Aug 1, 2018
Hans Vestberg has assumed the role of Verizon's CEO, replacing long-time leader Lowell McAdam. The company announced the change in June.
Nov 28, 2018
LG today announced leadership and organizational changes that it hopes will improve the fortunes of its mobile business unit, which has suffered losses perennially. The current head of LG's Home Entertainment Company, Brian Kwon, will add the Mobile Communications Company to his plate.