Google’s co-founders Larry Page and Sergey Brin have announced on Tuesday that they are stepping down from their executive roles at the parent company of Google, Alphabet. Google’s CEO, Sundar Pichai, will be taking over from Larry Page as CEO of Alphabet in addition to his current role.
Sergey Brin and Larry Page will proceed with their association with the company as shareholders, co-founders, and the members of the board of directors in Alphabet.
Larry Page and Sergey Brin co-founded Google in 1998 and Alphabet in 2015. Alphabet Inc. was registered as a separate firm to include a broad range of products that include smart cities group Sidewalk Labs and autonomous car unit Waymo.
In a letter to the employees, they wrote, “We have never been the ones who hold on to management roles when we think there’s a better way to run the company.”
They also added, “Sundar Pichai brings humility and a profound passion for technology to our partners, users, and employees each day.” And that “there is no better person to lead Google and Alphabet into the future.”
Sundar Pichai is born in India and he named as CEO of Google after the formation of Alphabet. This new role of Pichai will be contributory as the company is facing antitrust investigations in the US.
I’m excited about Alphabet’s long term focus on tackling big challenges through technology. Thanks to Larry & Sergey, we have a timeless mission, enduring values and a culture of collaboration & exploration – a strong foundation we’ll continue to build on https://t.co/tSVsaj4FsR
— Sundar Pichai (@sundarpichai) December 4, 2019
Pichai, in a statement, made it clear that there will not be any effect on the structure of the Alphabet with this transition or on their daily work. He also said that he continues to be focused on Google and at the same time he is excited about Alphabet and focuses on taking big challenges through technology.