Larry Page and Sergey Brin make Sundar Pichai the new CEO of both Alphabet and Google
Back in 2015, Google’s founders Larry Page and Sergey Brin brought about a major change in the company’s structure. They create a new company called Alphabet, with Page taking the role of CEO and Brinn became its President. This new company was a collection of all the companies that existed away from Google’s main internet-based product line and Google itself became one of its subsidiaries. Now, Page and Brinn are stepping down from their roles in Alphabet and have appointed Sundar Pichai as the CEO of both Google and Alphabet.
The announcement was made in a recent letter from the founders in which they wrote, “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!”. While Page and Brinn have decided to leave their respective roles in Alphabet, they will continue their involvement in the company as co-founders, shareholders, and members of the Board of Directors.
Sundar Pichai, who was appointed as the CEO of Google back in 2015, is now the CEO of both Google and Alphabet. His duties as the CEO of Google will remain the same as before, but now he will also assume the role of managing Alphabet’s investment in its portfolio of Other Bets. Pichai will also remain a member of Alphabet’s Board of Directors, a role he initially took back in 2017. In an email to Googlers following the announcement, Pichai wrote, “I’m excited about Alphabet and its long term focus on tackling big challenges through technology. I’m looking forward to continuing to work with Larry and Sergey in our new roles. Thanks to them, we have a timeless mission, enduring values, and a culture of collaboration and exploration. It’s a strong foundation on which we will continue to build.”
Source: Google Blog
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