Sundar Pichai to lead Alphabet as Larry Page steps down

Google CEO Sundar Pichai

Google CEO Sundar Pichai

Google CEO Sundar Pichai will become CEO of Alphabet while remaining chief at Google.

Page and Brin note that now that Alphabet is established and its various companies are operating independently, "it's the natural time to simplify [the company's] management structure".

Before today, Larry Page and Sergey Brin were CEO and President of Alphabet - now that job goes to the CEO of Google.

Alphabet has been positioning Pichai as the de facto leader for quite some time - making him the top executive voice at shareholders meetings, on earnings call and as a spokesman at congressional hearings. "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 will take over from Larry Page, a co-founder of the internet firm, at the parent company which includes Google as well as units focusing on "other bets" in areas including self-driving cars and life sciences.

For more, you can read Page, Brin, and Pichai's announcements at the source link below. Both have been noticeably absent from company events in recent months, with neither appearing at the weekly question-and-answer sessions with employees.

Google, the company that was known for the motto "don't be evil", has been known for its open and freewheeling culture, with employees encouraged to speak out.

"We've never been ones to hold on to management roles when we think there's a better way to run the company", they said in the post. They said they will file a complaint with the National Labor Relations Board. Page, once the face of the company, has largely receded from public view.

The 47-year-old was born in India, where he studied engineering.

Brin and Page still hold more than 50% voting shares of Alphabet.

Google's stock increased less than one per cent in after-hours trading after news was announced that the company co-founders were stepping down from their roles at parent company Alphabet. The company is valued at almost $900 billion.

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