Cofounders Larry Page and Sergey Brin said Tuesday that Google CEO Sundar Pichai is taking over as leader of its parent company Alphabet, in addition to his current responsibilities at the search giant.
“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.”
The cofounders said they would stay active as board members. “I’m excited about Alphabet and its long term focus on tackling big challenges through technology,” Pichai said in a statement. “I’m looking forward to continuing to work with Larry and Sergey in our new roles.”
Alphabet board chairman John Hennessy applauded the work Page and Brin did as founders. “It’s impossible to overstate Larry and Sergey’s contributions over the past 21 years. I’m grateful that they will continue their involvement on the Board.”
This is a developing story…