The co-founders Larry Page and Sergey Brin of Google’s parent company Alphabet have decided to step down. The pair has decided to leave their respective positions of CEO and the President of Alphabet but they will remain in the company’s board. The CEO position in Alphabet will be replaced by Google CEO Sundar Pichai.
The pair of Page and Brin founded Google 21 years ago in a California garage. With the advent of technology and the Internet around the same period, Google became the world’s most used search engine. The parent company of Google was found in 2015 for corporate restructuring of Google. It was also formed to as Google wanted to diversify into other areas as well.
The pair jumped from Google to Alphabet to start new initiatives. According to them, they do not want to simply hold on to the top management positions and that Google and Alphabet do not need two different CEOs and a President. They also heaved praise on Pichai saying that to lead innovation in the future years both Google and Alphabet have the right person on board. Sundar Pichai will be the CEO of both companies.
This is one of the most significant changes in the top management of Google. After the appointment of Pichai as the CEO of Google, he has become the public face of the company. This will be for the first time that the founders’ Page and Brin are not running the company.
But while they have given up o their management roles they will still be the members of the board. Between them, they hold 51% of the voting rights among the Alphabet’s board of members. So any wrong decision by Mr Pichai can effectively be overturned by the duo although they are not directly involved with the company.