Google CEO Sundar Pichai will replace Larry Page as CEO of parent company Alphabet, the company said in a blog post on Tuesday, reflecting the shrinking role of Page and Sergey Brin’s audience in the company they founded. 21 years ago.
“While it has been a tremendous privilege to be deeply involved in day-to-day management of the company for so long, we believe it is time to take on the role of proud parent – offering advice and love, but not bothering you daily!” Page and Brin wrote on the blog.
Alphabet, which also owns automotive technology company Waymo, healthcare software company Verily and several other companies, emerged in 2015 as part of a corporate restructuring. Page wanted to focus on these new businesses, leaving operational decisions at Alphabet’s largest unit, Google, to Pichai.
Page and Brin, who used to regularly visit public events and at Google headquarters, are now seen much less often.
Page and Brin will remain directors, but will cede their CEO and CEO titles, respectively, immediately, Alphabet said.
“With Alphabet now well established, and Google and the other bets operating effectively as independent companies, it is the natural time to simplify our management structure,” said the co-founders. “We are deeply committed to Google and Alphabet in the long run.”