The co-founders of internet giant Google are stepping down from their current positions. Larry Page and Sergey Brin were, respectively, the CEO and President of Google’s parent company, Alphabet.
The two men are only stepping down from their positions but won’t leave the company business entirely. They will still be part of the board that runs the internet conglomerate.
In the statement they released, Sundar Pichai, who is currently the CEO of Google, has been named the CEO of Alphabet, Google’s parent.
“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”
Alphabet was created in 2015 to become the umbrella for Google and other businesses. The parent company was intended to make the tech giant’s activities cleaner and more accountable as it expanded from internet search into other areas like self-driving cars.
So from now, Sundar Pichai is going to be the head of both Google and Alphabet.