Google co-founders Larry Page, Sergey Brin to step down
SAN FRANCISCO: Google co-founders Larry Page and Sergey Brin are relinquishing control of parent company Alphabet to current Google CEO Sundar Pichai, the duo announced in blog post.
The two men will remain employees of Alphabet and retain their seats on the board, but they will no longer oversee the company’s sprawling empire they created while at Stanford University more than 20 years ago.
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“With Alphabet now well-established, and Google and the Other Bets operating effectively as independent companies, it’s the natural time to simplify our management structure.
“We’ve never been ones to hold on to management roles when we think there’s a better way to run the company. And Alphabet and Google no longer need two CEOs and a President. Going forward, Sundar will be the CEO of both Google and Alphabet,” Page and Brin wrote.
“He will be the executive responsible and accountable for leading Google, and managing Alphabet’s investment in our portfolio of Other Bets. We are deeply committed to Google and Alphabet for the long term, and will remain actively involved as Board members, shareholders and co-founders. In addition, we plan to continue talking with Sundar regularly, especially on topics we’re passionate about.”
In an email sent to employees and later published alongside Page and Brin’s letter, Pichai stressed that the change will have little to no impact on how Google operates on a day-to-day basis.
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