The co-founders of Alphabet Larry Page and Sergey Brin have stepped down as CEO and President respectively on December 3; after which the company has announced that Mr Sundar Pichai will be taking over as the CEO of Alphabet in addition to his current role as the CEO of Google.
Crux of the Matter
The co-founders will continue to serve on Alphabet’s board of directors. This move is seen as the most significant shake-up of leadership at Google since its inception.
The duo will continue to control 51% of voting rights on Alphabet’s board. They have termed their new role as being “proud parents” to the company, looking on with close interest and care.
The Alphabet was created in October 2015 as part of a corporate restructuring of Google with an intention to explore new areas of interest and development and became the parent company of Google and several former Google subsidiaries.
In a blog post the co-founders wrote, “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,”
Curiopedia
Pichai Sundararajan is an Indian American business executive, the chief executive officer (CEO) of Alphabet Inc. and it’s subsidiary Google LLC. Pichai began his career as a materials engineer and joined Google as a management executive in 2004. He studied in the US at Stanford University and the University of Pennsylvania before joining Google in 2004. He rose to become the company’s Product Chief, then Google’s CEO in 2015, as part of the restructuring process that made Alphabet Inc. into Google’s parent company. More Info
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