Google Co-Founder and CEO of Alphabet, Larry Page steps down from the parent firm to be replaced by Sundar Pichai who was already the CEO of Google
Larry Page will be stepping down from his role alongside the company’s President, Sergey Brin both of whom have served in the company for over two decades
Sergey Brin’s Presidential role will seize to exist moving forward as Sundar Pichai will now own up to the CEO role for both Google and Alphabet
The news broke out on the internet after the outgoing Alphabet CEO, Larry Page alongside Alphabet president (now ex), Sergey Brin announced that they will be stepping down from their respective positions in the tech giant company.
While Larry has been a part of the company from start, he announced on Tuesday that he will be succeeded by the current CEO of the company’s subsidiary firm, Google– Sundar Pichai.
Larry Page had taken up the role of CEO at Alphabet about four years ago (in 2015)–the same year Alphabet was created– following a corporate restructuring of Google, which Mr. Page and Mr. Brin famously founded in a California garage in 1998.
Before the creation of the Alphabet, Mr. Page used to be the CEO of Google, before the role was delegated to Sundar Pichai, who will now oversee the general operation of both companies. Current, the reason for the new development is still unclear, however, Mr. Page and Mr. Brin will both remain in the company’s board moving forward.
Many who are not familiar with how this kind of board management works will find this news as a big deal, although it is worthy of note– any time the co-founder of one of the world’s most powerful companies steps down from atop the org chart, it’s certainly worth noting.
However, on the contrary, this particular board management is very necessary for Google, considering that both Page and Brin have not really been focusing on the company’s core business- search engine, instead they have been managing other businesses that the company refers to as “Other bets”– side businesses like Calico, a health tech company, and Waymo, its self-driving car venture.
In a joint letter written by the co-founders, both aged 46, announced they won’t be part of the company’s day-to-day management any longer, while clarifying that they would remain “actively involved as board members, shareholders, and co-founders“, but said it was 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,” their letter read further.
Page and Brin sarcastically noted in the letter that it is high time they had “assumed the role of proud parents – offering advice and love, but not daily nagging” and insisted there was “no better person” to lead the company into the future than Mr. Pichai.
The 47-years old Indian-born Mr. Pichai noted that he was “excited” about the transition, and went further to pay tribute to both Mr. Page and Mr. Brin. “The founders have given all of us an incredible chance to have an impact on the world,” Mr Pichai said. “Thanks to them, we have a timeless mission, enduring values, and a culture of collaboration and exploration that makes it exciting to come to work every day.” He added.
While the move by the duo-co-founders marks a new dawn for the company, it is by far the most significant shake-up of leadership at Google since its inception – the first time the dynamic duo of Brin and Page, a legendary Silicon Valley partnership, won’t hold important management roles in the company they founded. However, this does not mean the duo are giving up ultimate power– apparently they both control 51% of voting rights on Alphabet’s board.