Alphabet Holding, which owns Google, has appointed a new chairman of the board of directors. They became the former rector of Stanford University, John Hennessy (John L. Hennessy).
Hennessy will replace Eric Schmidt , who announced his resignation in December.
65-year-old Hennessey became a member of Google’s board of directors in 2004. Since 2007, he has been a leading independent director. In 2015, after the restructuring of the company, the scientist joined the board of directors of Alphabet.
From 2000 to 2016, John Hennessy served as president of Stanford University.
Recall that Google Inc. announced the creation of the parent holding Alphabet in August 2015. The initiative was designed to separate the highly profitable search and advertising business of Google from the secondary and costly projects of the company.
Alphabet financial results for the fourth quarter of 2017 and the year as a whole can be found here .