Google Founders Larry Page And Sergey Brin, Step Down From Executive Roles
Larry Page, co-founder of Google has resigned from his position as CEO of the parent company, Alphabet (GOOGL). After 20 years at the company he helped create, Sergey Brin also stepped down from his executive position.
Google CEO, Sundar Pichai will take over, from Larry, adding to his current responsibilities. After co-founder Sergey Brin steps down as president of Alphabet, the role will be eliminated.
In a message sent to googlers, Larry and Sergey wrote:
“While it has been a tremendous privilege to be deeply involved in the day-to-day management of the company for so long, we believe it’s time to assume the role of proud parents—offering advice and love, but not daily nagging!”
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We Think There’s A Better Way To Run The Company
“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. He will be the executive responsible and accountable for leading Google, and managing Alphabet’s investment in our portfolio of Other Bets.
We are deeply committed to Google and Alphabet for the long term, and will remain actively involved as Board members, shareholders and co-founders. In addition, we plan to continue talking with Sundar regularly, especially on topics we’re passionate about! “
Page became CEO of Alphabet in 2015 when Google reorganized to form the new parent company. This is to oversee its “Other Bets” outside of its main search and digital ads businesses. Page had previously served as CEO of Google.
The co-founders will continue to serve on Alphabet’s board of directors. They also maintain voting control over the business, meaning they retain the ability to influence the direction of Alphabet with or without their executive titles.
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