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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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SAN FRANCISCO — Larry Page and Sergey Brin , the two Stanford University graduate students who founded Google more than two decades ago, said they were stepping down from executive roles at Google ’s parent company, Alphabet .

Google CEO Sundar Pichai will take control. Share All sharing options for: Google co-founders Larry Page and Sergey Brin relinquish control of Alphabet to CEO Sundar Pichai . “He will be the executive responsible and accountable for leading Google , and managing Alphabet ’s investment in

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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Alphabet CEO Larry Page announced Tuesday that he will step down from the position. Google CEO Sundar Pichai will take over as CEO of the parent company in addition to his current role. Here is the full letter from Page and co-founder Sergey Brin

Google CEO Sundar Pichai will take over as CEO as Alphabet , Google 's parent company, while maintaining his role as CEO of Google , the company announced Tuesday. Pichai will succeed Alphabet CEO Larry Page , who cofounded Google in 1998. Sergey Brin is also stepping down

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!

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Alphabet CEO Larry Page will step down from his position at the Google parent company, leaving Google chief executive officer Sundar Pichai to manage both Alphabet and Google under one role. Google ’s parent company, Alphabet , was created through corporate restructuring in October 2015

Alphabet has announced that Larry Page and Sergey Brin are stepping down as the respective CEO and President of the company, with Google CEO Sundar Pichai taking the lead at both companies effective immediately. Page and Brin will still be involved as co-founders

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 co-founders Larry Page and Sergey Brin relinquish control of Alphabet to CEO Sundar Pichai .
Google CEO Sundar Pichai will take control“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,” Page and Brin write.

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