Google founders Larry Page and Sergey Brin just announced that Google CEO Sundar Pichai will be replacing Page as the CEO of parent company Alphabet.

In addition, Brin is stepping down from his role as Alphabet’s president.

Alphabet first came into existence in 2015 as “a collection of companies” that separates Google from “other bets” that aren’t part of its core businesses, such as Waymo (self-driving cars), Verily (life sciences), Calico (biotech R&D), Sidewalk Labs (urban innovation) and Loon (rural internet access via balloon).

At the time, Page shifted from the Google CEO role to Alphabet CEO, with Pichai stepping in to lead the search giant. However, Page and Brin wrote today that “Alphabet and Google no longer need two CEOs and a President. Going forward, Sundar will be the CEO of both Google and Alphabet.”

Pichai has been Google’s public face for a while now, but this move cements his leadership of the larger company, while moving Page and Brin out of the limelight.

“I’m excited about Alphabet and its long term focus on tackling big challenges through technology,” Pichai said in a statement. “I’m looking forward to continuing to …read more

Source:: TechCrunch

      

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