Google co-founders Sergey Brin and Larry Page step down as leaders of Alphabet.

Google co-founders Sergey Brin and Larry Page step down as leaders of Alphabet.

The internet giant’s parent company declared on Monday that Google co-founder Sergey Brin and Larry Page would step down as president and CEO respectively of the Alphabet. Google chief Sundar Pichai will also accept the place of CEO of Alphabet. Page and Brin will stand on the board of directors of the company. The role of the president at Alphabet will not be filled. Larry Page and Sergey Brin, who discovered Google in 1998 while students at Stanford University, stated in a news release that in a tributary of Pichai, Alphabet would continuously improve a range of technologies, along with artificial intelligence, cloud computing, drones, and energy efficiency self-driving.

Page and Bring wrote in an open letter stating that they have never been ones to hold on to management roles when they think there is a better way to run the company. Alphabet and Google no longer require two CEOs and President. They also added that Sundar would be the CEO of both Alphabet and Google. Larry Page had been the CEO since 2011. The Alphabet was discovered in 2015 as an umbrella corporation for the company’s board portfolio of the business, though Google stands by far its most significant source of produce. Sergey Brin and Larry Page, both of 46 years, have been notably absent from Google events in the past year. They receded of making attendance at weekly question-and-answer sessions with the employees, and Page did not appear in the summer’s Alphabet shareholders meeting even though he was still in the role of CEO.

Pichai has taken a growingly leading role in representing Alphabet during quarterly revenue calls with investors and in congressional hearings. In the letter that was posted on the Alphabet’s blog, Brin and Page stated that the company has developed and matured in the two decades since they made it. In 2019, if the company were a person, it would be a young adult of 21, and it would be the exact time to leave the roost. Still, Brin and Page are taking a step back in running the Alphabet; they will still dispense abundant influence as board members and shareholders of the company.

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