Larry Page and Sergey Brin Stepping Down from Alphabet Management

Larry Page and Sergey Brin are the co-founders of Google, and they have been heavily involved in the management of the company since its founding in 1998. However, in 2015 the company was restructured to be a part of a larger conglomerate known as Alphabet which was to be an umbrella company that incorporated all the different projects that the founders were working on, not all of which had to do with Google.

When this change occurred, Sundar Pichai was hired as the CEO of Google with Page becoming the CEO of Alphabet and Brin serving as its president. However, it seems that this was a temporary situation that was initiated in order to ease the transition and get Alphabet on its feet. Both Page and Brin have announced that they will be stepping down from these roles, with Pichai to take over for them as the CEO and President of Alphabet as well as Google.

According to Page and Brin this is being done to simplify the management structure of the company, which makes sense since Alphabet’s main company is Google after all. This move isn’t exactly surprising for anyone that has been paying attention to Google’s management activities over the past year or so. He has been chairing board meetings and representing the company in congressional hearings for quite some time now and has been handling the weekly question and answer sessions with employees on his own. What’s more is that Page did not even attend the Alphabet shareholders meeting this year, leaving Pichai to spearhead it with Brin supporting him.

Larry Page and Sergey Brin
Image credit: Wired

The pair still own over 50% of the voting shares for Alphabet so they do still have control over the company, and they plan to continue being involved in the capacity of board members. This move mostly means that they will no longer be handling management of the company.

"I’m excited about Alphabet’s long term focus on tackling big challenges through technology. Thanks to Larry & Sergey, we have a timeless mission, enduring values and a culture of collaboration & exploration - a strong foundation we’ll continue to build on.", tweeted Sundar Pichai.

Sundar Pichai, Alphabet's new CEO
REUTERS/Brandon Wade/File Photo

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