Google co-founders step down from parent company

The Google co-founders, Larry Page and Sergey Brin, are bidding adieu to their leading position in Alphabet Inc. They will remain on the board of directors as working members but Sunder Pichai will take control of all operations and decisions from now on.

The announcement was made through Google’s official blog where both gentlemen announced that they will not oversee the company activities from now on. They will keep working as the employees of Google and will play their respective role in future development of the firm.

In their words: “With Alphabet now well-established and Google and the Other Bets operating effectively as independent companies, it’s the natural time to simplify our management structure. We’ve never been ones to hold on to management roles when we think there’s a better way to run the company. And Alphabet and Google no longer need two CEOs and a President. Going forward, Sundar will be the CEO of both Google and Alphabet.”

Google is a trillion-dollar company that was being managed by this duo from last 20 years. The captain’s hat has now been handed over to Sunder Pichai while the two will keep working as the crew of this ship. Pichai will now lead Google and manage Alphabet’s investments.

Sunder reacted to this announcement with these lines, “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.”

The decision doesn’t seem surprising since both founders rarely made any public appearances since 2015. Neither ever replied to investors calls or shared the stage at the Google I/O developer conference.