Google CEO Sundar Pichai is taking over as the CEO of the search engine’s parent company Alphabet. This comes after Google co-founders Larry Page and Sergey Brin, who have mostly stayed out of the spotlight since restructuring the company four years back, relinquished control of Alphabet.
The duo announced in a joint letter that while Page will give up his role as CEO, Brin is also stepping down from his role as Alphabet’s president. The two men, however, will remain employees of Alphabet and retain their seats on the board, but they’ll no longer oversee the company’s sprawling, almost trillion-dollar Empire they created while at Stanford University more than 20 years ago.
Alphabet started in 2015 as “a collection of companies” that separates Google from “other bets” that aren’t part of its core businesses, such as Waymo (self-driving cars), Verily (life sciences), Calico (biotech R&D), Sidewalk Labs (urban innovation) and Loon (rural internet access via balloon). At the time, Page shifted from the Google CEO role to Alphabet CEO, with Pichai stepping in to lead the search giant. However, Page and Brin wrote today that “Alphabet and Google no longer need two CEOs and a President. Going forward, Sundar will be the CEO of both Google and Alphabet”.
Sundar Pichai said in a statement, “I’m looking forward to continuing to work with Larry and Sergey in our new roles. Thanks to them, we have a timeless mission, enduring values, and a culture of collaboration and exploration. It’s a strong foundation on which we will continue to build”.