The founders of Google announced yesterday that they would be stepping down from their management roles at Alphabet. Alphabet is Google’s parent company and came about several years ago when the tech titan decided to restructure as it expanded its interests past the internet, forming a number of subsidiaries.
Larry Page and Sergey Brin held the positions of CEO and President of Alphabet, but many will not be entirely surprised by this announcement as they had not been involved in daily operations for quite some time. The current CEO of Google, Sundar Pichai, has been promoted to take the position of CEO of Alphabet. He will retain both roles, with Page and Brin both commending his long-standing commitment to Google, and his capability to confront obstacles. They also highlighted Pichai’s participation in the company’s latest ventures into technology, with long-term plans in place to persist with these projects. The move comes as the company intends to streamline its structure of management, with Page and Brin releasing a letter that states they would not persist in the roles when there is a ‘better way’ for the company to operate. The founders have confirmed that they will remain on the board.
Pichai has thanked the founders on social media, and expressed his wish to continue striving upon the ‘strong foundation’ that Page and Brin carefully built over the past 20 years.
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