Technology: Larry Page steps down as CEO of Google parent Alphabet; Sundar Pichai will be CEO of both companies - - PressFrom - US
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Technology Larry Page steps down as CEO of Google parent Alphabet; Sundar Pichai will be CEO of both companies

02:40  04 december  2019
02:40  04 december  2019 Source:   usatoday.com

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Current Google CEO Sundar Pichai will take over as CEO of both Google and Google 's parent company , Alphabet . And Alphabet and Google no longer need two CEOs and a President. Going forward, Sundar will be He will be the executive responsible and accountable for leading Google

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

SAN FRANCISCO — It's the end of an internet era: Larry Page is stepping down as head of Alphabet, Google’s parent company, and ceding management control to Sundar Pichai who will take over as CEO of both, the internet giant said in an announcement Tuesday.

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.

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Google CEO Sundar Pichai is being appointed as Alphabet 's new CEO . Sundar will retain his role at Google , too. On December 3, 2019, Larry Page and Sergey Brin — the co-founders of both companies — published a letter announcing that Google CEO Sundar Pichai will be taking over as

Larry Page is stepping down as CEO of Alphabet , a position he’s held since Google first announced its corporate restructuring in 2015. He and Google cofounder Sergey Brin will both remain on the company ’s board of directors, while current Google CEO Sundar Pichai is becoming the CEO of

The surprise news from one of the world's most powerful technology companies comes as Google has been rocked by criticism from Washington lawmakers and President Trump, growing scrutiny from regulators, rising competition from Amazon.com, internal scandals and unrest within its own ranks.

Larry Page wearing a suit and tie: Alphabet CEO Larry Page speaks at a news conference at the Google offices in New York on May 21, 2012.© File photo by Seth Wenig, AP Alphabet CEO Larry Page speaks at a news conference at the Google offices in New York on May 21, 2012.

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Saying it's a "natural time to simplify our management structure," Page and Brin said Google and its parent company no longer need "two CEOs and a president."

“We’ve never been ones to hold on to management roles when we think there’s a better way to run the company," the duo wrote in a letter announcing their decision.

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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 co-founders Larry Page and Sergey Brin just announced that Google CEO Sundar Pichai will be replacing Page as the CEO of parent company Going forward, Sundar will be the CEO of both Google and Alphabet .” Rather than framing this as a departure, the pair suggests that they’ve “never

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Page's step back from the spotlight did not surprise Google watchers who have noted his increasingly hands-off approach to being Alphabet's top executive even as demands on the leaders of major tech companies intensified.

Lawmakers chide Google for hiring ex-DHS staffer who defended travel ban

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the co-founders of Google , will step down from their roles as chief executive officer and president of parent , Larry Page , left, and Sergey Brin speak during an unveiling event in New York in 2008. Sundar Pichai , the CEO of Google , will also be the CEO of Alphabet . Both Page and Brin

Google co-founders Larry Page and Sergey Brin are stepping down from their roles within the parent company , Alphabet . Sundar Pichai , who has been leading Google as CEO for more than four years, will stay in his role and also become CEO of Alphabet .

In recent years, Page and Brin spent most of their time focused on what Alphabet calls "other bets," technologies that are far afield from internet advertising, while Pichai ran Google and its search and advertising business.

It wasn't always this way. Page was far more visible inside and outside the company in 2011 when he retook the reins as CEO from Eric Schmidt, who was brought in to help take the young company public in 2004. The public offering was the springboard that transformed Google's lucrative search advertising business into one of the world's largest companies with its fingers in everything from YouTube to smart devices.

Pichai, who joined Google in 2004, became CEO of Google in 2015 when Google created a new publicly traded company to house all of its disparate businesses at a time when investors were rattled by Google's spending on its "moonshots," experimental projects such as driverless cars and delivering Internet access from high-altitude balloons.

Sundar Pichai becomes CEO of Alphabet, Google's parent company

  Sundar Pichai becomes CEO of Alphabet, Google's parent company Larry Page and Sergey Brin are stepping aside."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," Page and Brin said in a statement. "We've never been ones to hold on to management roles when we think there's a better way to run the company.

Everyman Sundar Pichai Picks Up Side Job as CEO of Alphabet . Like many Americans struggling just to stay afloat through stagnant wages in an uncertain economy, Google CEO Sundar Pichai announced today that he’s doing what so many of us have: getting a second job.

Sundar Pichai Will Become CEO Of Google And Alphabet . Larry Page and Sergey Brin, who co-founded Google in 1998, are stepping down from their day-to-day roles at Google 's parent company , Alphabet , and handing leadership responsibility to Sundar Pichai , who will serve as CEO of both

In that sweeping overhaul of the company, Page became CEO of Alphabet, Brin became president and Eric Schmidt became executive chairman. Schmidt stepped down in January 2017. Now all three figures have taken their hands off the wheel in the daily management of Alphabet.

In an email to Google employees, Pichai said the management shift would not undercut his work at Google. "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," he wrote. "At the same time, I’m excited about Alphabet and its long term focus on tackling big challenges through technology."

Alphabet shares closed at $1,294.74 Tuesday and rose less than 1% in after-hours trading after the news broke. Alphabet stock is up about 24% this year. The company is valued at nearly $900 billion. Page and Brin are among the wealthiest people in the world.

This article originally appeared on USA TODAY: Larry Page steps down as CEO of Google parent Alphabet; Sundar Pichai will be CEO of both companies

Google Founders Larry Page and Sergey Brin Stepping Down at Alphabet .
Google founders Larry Page and Sergey Brin are stepping down as leaders of parent company Alphabet Inc., ending day-to-day involvement as regulators intensify scrutiny of an internet industry the two men helped create. Sundar Pichai, the CEO of Google, will also run Alphabet, the company said on Tuesday. The transition gives Pichai, who has led Google since 2015, oversight of the conglomerate’s vast array of expensive, futuristic endeavors, such as autonomous cars and new health-care technology. Page and Brin will still be controlling shareholders and stay on the board.

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