Google- Larry Page and Sergey Brin Step Down from leadership roles
Google’s parent company, Alphabet, established in 2015 founded by Larry Page serving as CEO and Sergey Brin as president had undergone some major changes. On December 3, 2019, Alphabet Inc. announced that CEO Sundar Pichai will be the new CEO of Alphabet Inc. and that Larry and Sergey will step down from their leadership roles. Sundar Pichai was the CEO of Google and current president of Alphabet.
A statement from Page and Brin given to the media says: "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."
Sundar Pichai posted a statement about his new role as CEO of Alphabet - "I want to be clear that this transition won’t affect the Alphabet structure or the work we do day to day. I will continue to be very focused on Google and the deep work we’re doing to push the boundaries of computing and build a more helpful Google for everyone. At the same time, I’m excited about Alphabet and its long term focus on tackling big challenges through technology."