Google founders Larry Page, Sergey Brin step down from Alphabet

Ruben Fields
December 4, 2019

In the post, which is uniquely long for a relatively straightforward announcement, both Page and Brin mention they will maintain active roles as Board members, shareholders, and co-founders.

Pichai, who is known for his engineering talents and general likeability, took over as CEO of Google in 2015 as part of the company's broader corporate restructuring to create Alphabet. Today, the company has signaled another monumental shift in Alphabet's business structure by announcing that Pichai will be succeeding Page as the CEO of both Google and Alphabet.

However, Page and Brin said, "Alphabet and Google no longer need two CEOs and a President".

Earlier this year, Pichai met with Trump and appeared to ease the United States president's concerns that Google was unwilling to help the U.S. military but was boosting China and its military.

Since then, they have spent more time overseeing a variety of so-called other bets, like life-extension technology, while Pichai ran Google and its enormous search and advertising business.

Their letter closes: "We are deeply humbled to have seen a small research project develop into a source of knowledge and empowerment for billions - a bet we made as two Stanford students that led to a multitude of other technology bets". Page didn't attend this summer's Alphabet shareholders meeting even though he was still in the CEO role.

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"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", Pichai said. Nonetheless, they "believe it's time to assume the role of proud parents-offering advice and love, but not daily nagging!"

You can read the full press release and the statements from Page, Brin, and Pichai here. His co-founder, Sergey Brin, will also step down from the company.

Mr Brin holds 41.3 per cent of the Class B shares and 25.2 per cent of the voting power.

This change comes after four years after Google first announced the new public holding company Alphabet, as well as its own transition from a standalone to a subsidiary of that company.

Page began working on personal computers when he was just 6 years old in 1979, when home computers were a rarity.

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