Google co-founders Larry Page and Sergey Brin are relinquishing control of parent company Alphabet to current Google CEO Sundar Pichai. The news came via a joint press release. The two will remain employees of Alphabet and retain their seats on the board, but they will no longer oversee the company’s day to day needs going forward.
“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 wrote.
The making of Alphabet was a shocking event in the valley in 2015. Alphabet was designed to split Google into its core business units, such as the search engine, X lab and the self-driving unit Waymo.
After the creation of Alphabet Page and Brin have started to fade from the limelight which Pichai became both the public face of google and its leader.
