Sergey Brin and Larry Page

Alphabet CEO Larry Page and President Sergey Brin are stepping down from the company, the pair announced Tuesday.
Page, who cofounded Google, will be succeeded by current Google CEO Sundar Pichai. Going forward, Pichai will serve as CEO of both Alphabet and Google.
Page and Brin will remain members of Alphabet’s Board of Directors, and both will maintain controlling voting shares of the company.
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Google CEO Sundar Pichai will take over as CEO as Alphabet, Google’s parent company, while maintaining his role as CEO of Google, the company announced Tuesday.

Pichai will succeed Alphabet CEO Larry Page, who cofounded Google in 1998. Sergey Brin is also stepping down from his role as president of Alphabet. Brin and Page announced the shift in leadership in a blog post.

“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,” they wrote. “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.”

Page became Alphabet’s CEO in 2015, shortly after Google reorganized …read more

Source:: Businessinsider – Technology

      

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