Monday, 06 July, 2020

Sundar Pichai appointed Alphabet CEO as Google co-founders step down

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Cecil Davis | 04 December, 2019, 03:25

Today, Larry Page and Sergey Brin, the co-founders of Google, announced that they would step down from their respective roles in Alphabet Inc., the parent company of the world's largest search engine. The two men have personified the company for more than 20 years, though they took a lesser role in day-to-day operations in 2015 when they turned Google into Alphabet, a holding company that also includes self-driving vehicle company Waymo among its pieces.

Google CEO Sundar Pichai will retain his responsibilities and also serve as Alphabet CEO, replacing Page. He has been with Google since 2004 and was appointed to the Google CEO role as part of the company reshuffle that led to the creation of Alphabet back in 2015.

With Pichai now running things, Page and Brin say they are "deeply committed to Google and Alphabet for the long term, and will remain actively involved as Board members, shareholders and co-founders".

"It's impossible to overstate Larry and Sergey's contributions over the past 21 years", said chairman of Alphabet's Board of Directors, John Hennessy.

Indications today are that Google and Alphabet will continue to appear to operate as they have over the past several years, save the adjustment of rank of order for Pichai.

Pichai also offered up a statement, noting that as CEO of Alphabet and Google, "this transition won't affect the Alphabet structure or the work we do day to day".

Page and Brin started the search engine giant in 1998 in California's Silicon Valley.

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Google, the company that was known for the motto "don't be evil", has been known for its open and freewheeling culture, with employees encouraged to speak out.

Now Pichai is in charge of it all. Nonetheless, they "believe it's time to assume the role of proud parents-offering advice and love, but not daily nagging!"

Additionally, co-founder Sergey Brin will be resigning from his post as the president of Alphabet.

The pair still hold more than 50 per cent voting shares of Alphabet.

The founders wrote a long letter about the change on the official Google blog.

Alphabet stock was up 0.5% in after hours trading.