Google co-founders Larry Page and Sergey Brin, who have been largely out of the limelight since restructuring their company four years ago, are relinquishing control of parent company Alphabet to current Google CEO Sundar Pichai, the duo said today in a joint with press release.
"With Alphabet now well established and Google and the other bookmakers acting as independent companies, it's time to simplify our administrative structure, and we've never held leadership positions when we think it's a better option And Alphabet and Google no longer need two CEOs and one president, and in the future Sundar will be the CEO of Google and Alphabet, "Page and Brin write.
" He becomes the responsible and responsible manager of Google and manage Alphabet's investments in our Other Bets portfolio. We are committed to Google and Alphabet over the long term and will continue to actively act as board members, shareholders and co-founders. In addition, we plan to engage in regular discussions with Sundar, especially on topics for which we have a passion. "