It said in a statement on Thursday that Schmidt will become a technical adviser to the company while continuing to serve on its board, Xinhua news agency reported.
The decision of leaving such important role was made after consulting with Google's founders Larey Page and Sergey Brin, as well as Google CEO Sundar Pichai.
Schmidt, who Forbes ranked Schmidt as the 119th-richest person in the world in 2017, served as the CEO of Google from 2001 to 2011, a period which laid down the foundations for Google's dominance today.
"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", said Schmidt.
He took the company public in 2004.
Schmidt took over the helm when Google was a three-year-old company run by the relatively inexperienced Brin and Page.
Google is still the main contributor of Alphabet's revenue and income.
You can read the entirety of the statement over on Alphabet's investor site. Schmidt joked he provided the "adult supervision" to the Google team.
Schmidt has been marginalised over time at Alphabet through a combination of its changing leadership, the shifting political environment in the United States, and his own personal gaffes, according to people familiar with the company, who spoke on the condition of anonymity because they were not authorised to speak publicly.
He also gave money and technical assistance to Hillary Clinton's campaign team during the 2016 presidential race. Four years later, the company restructured to form Alphabet as the parent company of Google and other subsidiary organizations.
Like many high-profile tech figures, Schmidt has increasingly turned his hand to philanthropy.
The company is also in the midst of a nightmare with the European Commission.
The annual pagan celebration, also known as midwinter, signifies the astrological start of the winter in the Northern Hemisphere. At the end of January, more heat finally begins arriving than leaving, and days slowly start to warm up.
Symptoms of influenza include fever, cough, sore throat, runny or stuffy nose, body aches, headache, chills and fatigue. The most compelling statistic is the increase in reported flu cases from this time past year .
The temporary funds would be approved by a continuing resolution bill and the Senate needs to vote on that too. Foxhoven says he thinks CHIP will be reauthorized, but he says Congress has been unpredictable.
Nothing quite beats receiving a special delivery in time for Christmas. except perhaps magically finding presents under the tree. Post offices nationwide are working tirelessly to make sure those packages make it to their destinations before December 25.
Experts say it's still not too late to get your 2017-18 shot. "We have to wait and see what happens from there", he said. So far this flu season, there have been 401 flu-associated hospitalizations in Ohio.
Joining McGowan in the video are other Weinstein accusers, as well as women who toppled Louis C.K . for years of harassment. She also criticised Streep for working with the producer and affecting "no real change", saying "I despise your hypocrisy".
The most fatal attack was the double-suicide blast on a Peshawar church , which killed 85 people in September 2013. Two suicide bombers have stormed a Christian church in southwestern Pakistan , killing at least four people.
The playmaker operated as a No.10 and was starting to look the player that was voted the Bundesliga Player of the Year in 2015-16. The Armenian has a contract until 2020 with Manchester United, but Mourinho is expected to entertain offers for him in January.
US citizens and residents also are generally prohibited from engaging in transactions with the sanctioned individuals. Administration added five more citizens of Russian Federation , including Ramzan Kadyrov , to the Magnitsky List.
The provider must supply the code immediately, as well as info on any outstanding charges, prepaid balance or termination charges. Under Ofcom's new rules, mobile providers will also be banned from charging for notice periods running after the switch date.
Jeep Cherokee reveals its new face
Official images of the 2019 Jeep Cherokee SUV have been released and as expected the new-gen model comes with a host of changes. The SUV also comes with electrically operable ORVMs, side cladding, and some bold character lines.
Ola acquires Foodpanda India, re-enters food delivery business
Under the agreement, Ola , owned by ANI Technologies , will also commit to investing $200 million in foodpanda's India business . Saurabh Kochhar, who was the head of Foodpanda India until recently, has chose to move on to pursue other opportunities.
New NIO ES8 electric SUV is a cheaper Tesla Model X
Chinese buyers looking to get away from cars that pollute have a new green option available called the NIO ES8 . The company plans to build a total of 1,100 Power Swap stations and deploy 1,200 Power Mobile vehicles by 2020.