On December 4th, Alphabet revealed that Sundar Pichai, the CEO of Google will take charge of parent company Alphabet following the step down of co-founders Larry Page and Sergey Brin from their top roles.
“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!” Larry and Sergey wrote in a letter bidding adieu to active management roles on Tuesday.
“Sundar shares our confidence in the value of the Alphabet structure, and the ability it provides us to tackle big challenges through technology. There is no one that we have relied on more since Alphabet was founded, and no better person to lead Google and Alphabet into the future.”
The letter further states that Sundar will be the executive responsible and accountable for leading Google, and managing Alphabet’s investment in their portfolio of Other Bets.
The 47-year old IIT Kharagpur graduate who has spent 15 years at Google, rose to leadership while leading the development of Google’s Chrome browser. He led the product development and engineering across all of Google’s service before being appointed as the CEO of Google where he was in charge of Google’s advertising and cloud computing business.
Even though the two Google co-founders have publicly stepped down, they still control more than 51 percent of shares and will remain as members of the company’s board.
Alphabet is an umbrella corporation established by Larry and Sergey in 2015 which still boasts Google as its central fixture and key moneymaker. The company is made up of “other bets” or longshot projects including drone company Wing and self-driving car firm Waymo.
