Finance

Sundar Pichai Becomes CEO of Alphabet: Larry Page & Sergey Brin Step Aside

Highly-acclaimed founders of one of the world’s most successful companies Google, Larry Page and Sergey Brin, have forwarded their delegatory posts of CEO and President respectively at Alphabet, the parent company of Google.

However, what broke the Internet was the news about the appointment of Sundar Pichai, Google CEO, as the undisputed spearhead of Alphabet as part of a major turn of events in the tech giant. Born in Madurai in Tamil Nadu, India, Sundar Pichai will now serve as the CEO of Google and CEO of Alphabet jointly. The world-class leader, Sundar Pichai’s tireless efforts and incomparable leadership have earned glories for the search engine giant in every possible way. With his appointment as the de facto boss of Alphabet, the organization has undoubtedly shown a great deal of trust in the renowned business personality and his mastery in the field.

Larry Page held the position of CEO of Alphabet since 2015 when Google carried out its corporate restructuring until today. But now both Larry Page and Sergey Brin have decided to take a step back from their respective offices in Alphabet.

In a joint letter given by Larry and Sergey, the two ex-spearheads stated that

“Today, in 2019, if (Google) was a person, it would be a young adult of 21 and it would be time to leave the roost. While it has been a tremendous privilege to be deeply involved in the day-to-day management of the company for so long, we believe it’s time to assume the role of proud parents-offering advice and love, but not daily nagging!”

Interestingly, their letter signifies that the two leaders are adamant about streamlining and simplifying the management structure of Google and Alphabet. The letter further confirmed that the two firms do not need two CEOs and a President and so now Sundar Pichai will work as the CEO of Google and Alphabet simultaneously. “He will be the executive responsible and accountable for leading Google, and managing Alphabet’s investment in our portfolio of Other Bets,” stated the letter.

Larry Page and Sergey Brin will mark their presence in Google and the Alphabet’s core team as board members, shareholders, and co-founders. The two ex-leaders will be in constant contact with Sundar Pichai in the long run.

In a letter to the employees, Sundar Pichai affirmed the Google employees about the process being a usual business activity. He wrote that

“I want to be clear that this transition won’t affect the Alphabet structure or the work we do day to day. I will continue to be very focused on Google and the deep work we’re doing to push the boundaries of computing and build a more helpful Google for everyone.”

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Jodie Miller

Jodie Miller is experienced journalist. She holds double degree in journalism and communication. She joined our team as a content curator. She enjoys writing and curating contents related to finance and forex world.
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