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Technology Alphabet execs Larry Page and Sergey Brin step down; Google CEO Sundar Pichai takes over

00:36  04 december  2019
00:36  04 december  2019 Source:   geekwire.com

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Larry Page and Sergey Brin announced Tuesday that they are stepping down from their roles as CEO and president, respectively, at Google parent Alphabet. Google CEO Sundar Pichai will become CEO of Alphabet, and retain his current role at Google.

Larry Page wearing a suit and tie smiling at the camera: Larry Page. (Google Photo)© Provided by Geekwire Larry Page. (Google Photo)

It marks the end of an era for Google. Page and Brin co-founded the search giant in 1998. They created Alphabet in 2015 as a holding company that includes Google.

Page and Brin published a blog post explaining their rationale for today’s announcement. From the post:

Today, in 2019, if the company was a person, it would be a young adult of 21 and it would be time to leave the roost. 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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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!

Larry Page steps down as CEO of Google parent Alphabet; Sundar Pichai will be CEO of both companies

  Larry Page steps down as CEO of Google parent Alphabet; Sundar Pichai will be CEO of both companies Google co-founders Larry Page and Sergey Brin will continue as co-founders, shareholders and members of Alphabet’s board of directors, the company said.Page and Sergey Brin, who co-founded Google more than two decades ago while graduate students at Stanford University, will continue as members of Alphabet’s board of directors and still exercise considerable sway over the company as its two largest individual shareholders.

Alphabet shares were up slightly in after-hours trading. The company is valued at nearly $900 billion.

Under the leadership of Brin and Page, Google was at the forefront of the trend of Silicon Valley tech companies opening Seattle-area engineering centers, establishing an outpost in Kirkland, Wash., in 2004.

The company now employs more than 4,500 people in the region and recently opened a new facility for Google Cloud and other engineering teams next to Amazon’s headquarters campus in the South Lake Union neighborhood.

Google's New Year's Eve 2019 Doodle features familiar frog .
Froggy the weather frog finds the fireworks ribbitting.For almost as long as Google has been around, it's livened up its barebones search page with artwork that draws attention to notable people, events, holidays and anniversaries. In recent years, Google has gone the party animal route with its New Year's Eve Doodles, with some featuring birds and elephants.

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