There’s a new boss at Alphabet, but he’s hardly a stranger. Google founders Larry Page and Sergey Brin are stepping back from their management roles at the parent company of Google, YouTube and ‘other bets’, to be replaced by current Google boss Sundar Pichai.
“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,” wrote Page and Brin in a blog post. “Alphabet and Google no longer need two CEOs and a President. Going forward, Sundar will be the CEO of both Google and Alphabet. He will be the executive responsible and accountable for leading Google, and managing Alphabet’s investment in our portfolio of Other Bets. We are deeply committed to Google and Alphabet for the long term, and will remain actively involved as Board members, shareholders and co-founders. In addition, we plan to continue talking with Sundar regularly, especially on topics we’re passionate about!” For his part, Pichai has stressed that the transition “won’t affect the Alphabet structure or the work we do day to day”.