Illustration by Alex Castro / The Verge

Google co-founders Larry Page and Sergey Brin, who have mostly stayed out of the spotlight since restructuring their company four years ago, are relinquishing control of parent company Alphabet to current Google CEO Sundar Pichai, the duo announced today in a joint press release.

“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. 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. Going forward, Sundar will be the CEO of both Google and Alphabet,” Page and Brin write.

“He will be the executive…

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Source:: Theverge – Tech

      

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