Alphabet CEO Larry Page resigns as Google chief Sundar Pichai takes over

Yolanda Curtis
December 4, 2019

Before today, Larry Page and Sergey Brin were CEO and President of Alphabet - now that job goes to the CEO of Google.

Pichai said he is "excited about Alphabet and its long term focus on tackling big challenges through technology".

Sundar Pichai will become chief executive of both Google and Alphabet.

Page, who had been serving as CEO of Alphabet, and Brin, who had been president of Alphabet, will remain on the board of the company. All the same, it's quite telling that Google's press release includes the famous Google credo from the company's initial IPO letter.

Page and cofounder Sergey Brin will continue to serve on Alphabet's board of directors.

Back in 2015, Alphabet was established as the parent company to Google and its many project divisions.

The duo argued that Pichai was best suited to lead Alphabet going forward: "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".

Google, founded in 1998, is an American multinational technology company specializing in Internet-related services and products, such as online advertising technologies, search, cloud computing, and software. Pichai, on the other hand, has taken on a higher profile, representing the company in quarterly earnings calls and congressional hearings. They will remain board members of Alphabet, a company that overseas not just Google but also research into artificial intelligence and self-driving cars. According to a regulatory filing in April, Page holds 42.9% of the company's Class B shares and 26.1% of its voting power.

Pichai, 47, who has spent 15 years at Google, rose to prominence while leading development of Google's Chrome browser.

This change comes after four years after Google first announced the new public holding company Alphabet, as well as its own transition from a standalone to a subsidiary of that company.

Mr Page dropped out of graduate school at Stanford to start Google and doesn't have a business degree.

He grew up in MI, where his late father, Carl, was a computer scientist and pioneer in artificial intelligence, and his mother taught computer programming.

The geeky impulses carried into his adulthood, leading him to once build an inkjet printer out of Legos.

Other reports by iNewsToday