Google CEO Sundar Pichai is taking over the reins of Alphabet as its new CEO, replacing Page and Brin, the current CEO and President of Alphabet. While Pichai will replace Page, Brin is stepping down from his position. Pichai will be the sole occupant of the parent company amid an unprecedented global demand for more safeguards, regulatory scrutiny, and taxes.
Alphabet first came into existence in 2015 as “a collection of companies” as a parent company of Waymo (self-driving cars), Verily (life sciences), Calico (biotech R&D), Sidewalk Labs (urban innovation) and Loon (rural internet access via balloon).
During the foundation, Page shifted from the Google CEO to manage Alphabet, with Pichai taking over the search giant. However, last day Page and Brin announced that “Alphabet and Google both will be managed by Sundar as the new CEO.
Google has seen several successes under the leadership of Pichai, but this move embarks his leadership of the larger company, while Page and Brin out of it.
A statement by Pichai read, “I’m excited about Alphabet and its long term focus on tackling big challenges through technology and innovation.” “I’m looking forward to continuing to work with Larry and Sergey in our new roles.”
Page and Brin, who co-founded Google in 1998, have been increasingly invisible since the past few years, not even making appearances at Google events. They wrote, “We’ve never been ones to hold on to management roles when we think there’s a better way to run the company.” “We are deeply committed to Google and Alphabet for the long term and the opportunities that lie ahead for the companies; we’ll remain actively involved as Board members, shareholders, and co-founders.”