After 21 years of continues hard work, Google Co-Founders Larry Page & Sergey Brin have stepped down from their positions Alphabet Inc.
Alphabet is the parent company of Google incorporated in 2015 as a part of corporate restructuring. Larry Page and Sergey Brin, the Co-Founders of Google and CEO of Alphabet, have resigned their position of CEO and have stepped down to the roles of chief executive officer and president. The CEO position of Alphabet has been assigned to the CEO of Google, Sundar Pichai. Both Larry Page and Sergey Brin will remain as the shareholders of the company Alphabet.
The founders of Alphabet have stated that the company has started to establish well. Apart from that, Google and other bets are also getting operated effectively. Every company independently is performing well, and therefore it’s the right time to make changes to the management structure.
Larry’s and Sergey’s thoughts on Sundar Pichai “He has a good passion for technology and brings humility to the partners, users, and employees all day. We are seeing him for about 15 years as a member of the Board of Directors in Alphabet, as CEO of Google, and through the formation of Alphabet. He shares his ideas and tricks with us to improve Alphabet through technology”.
From now on, Sundar will be the CEO of both Alphabet and Google. He will be accountable and responsible for managing every portfolio in both companies. Sundar Pichai has tweeted that he will stay focused on Google and also excited about Alphabet’s long term focus on handling significant challenges through technology.
I’m excited about Alphabet’s long term focus on tackling big challenges through technology. Thanks to Larry & Sergey, we have a timeless mission, enduring values and a culture of collaboration & exploration – a strong foundation we’ll continue to build on https://t.co/tSVsaj4FsR
— Sundar Pichai (@sundarpichai) December 4, 2019
In recent years, Alphabet has become one of the world’s most valuable companies, with a 2018 profit of some $30 billion on revenue of $136.8 billion.