Reportedly over 21 years after founding the world’s largest technology company, founders of google larry page and Sergey Brin have announced that they will be stepping down from day-to-day management of the company. sundar Pichai, the CEO of google, will be become the CEO of both google and Alphabet. Earlier in 2015, google changed the structure of the company, making Alphabet the parent company. While Pichai was the CEO of google, Page and Brin were the CEO and President of Alphabet.
Furthermore on tuesday, the founders announced that they will be relinquishing their roles and Pichai will become the CEO of the parent company.Page and Brin will remain active as co-founders, shareholders and board members of Alphabet. They said in a statement “While it has been a tremendous privilege to be deeply involved in the day-to-day management of the company for so long, we believe it’s time to assume the role of proud parents offering advice and love, but not daily nagging!”.
Perhaps as per the founders, with Alphabet now being well-established, and google and the Other Bets operating effectively as independent companies, it’s time to simplify management structure. When speaking about Pichai, the founders said, “Sundar brings humility and a deep passion for technology to our users, partners and our employees every day. He’s worked closely with us for 15 years, through the formation of Alphabet, as CEO of google, and a member of the Alphabet Board of Directors. He shares our confidence in the value of the Alphabet structure, and the ability it provides us to tackle big challenges through technology. There is no one that we have relied on more since Alphabet was founded, and no better person to lead google and Alphabet into the future.”