Standford University alumni Larry Page and Sergey Brin founded the internet giant Google over two decades ago. On Tuesday, however, both are leaving the management positions at Google’s parent company Alphabet. Sundar Pichai, the current CEO of Google, is also taking over Alphabet.

Google Inc. was founded in 1998 by Larry Page and Sergey Brin

Google Co-Founders Step Down, Appointing Sundar Pichai as Alphabet CEO, Co-Founders Larry Page and Sergey Brin

The end of an era

The resignation marks the end of an era for Google. Page and Brin have embodied the company since its inception. You’ve been two of the most influential figures in technology to date. They are often compared to the founders of Apple and Microsoft, Steve Jobs and Bill Gates.

Your early work on the search engine helped sort and control the vast amount of information on the World Wide Web. Your ideas on how to run an internet business are exemplary. They showed everyone how B. with generous perks for employees and the feeling that they are involved in the company to run a company. Their working rules are now considered standards in Silicon Valley.

Sundar Pichai has been the CEO of Google since 2015, and Alphabet is now also taking over

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Splitting of the internet giant and the holding company Alphabet Inc.

Larry Page and Sergey Brin took on a lesser role in day-to-day operations in 2015 when they converted Google into Alphabet Inc. – a holding company that also includes the revolutionary self-driving car company Waymo. Since then, the founders have spent more time overseeing a variety of other projects, such as Calico’s Human Aging Technology. Meanwhile, Pichai ran Google and its huge search and advertising business.

The business then grew even further and Alphabet is now one of the most valuable companies in the world. However, the internet giant is entering one of the most tumultuous periods in its history, with antitrust scrutiny, employee strikes, and growing public skepticism about its power.

Alphabet Inc. became the parent company of Google and several former Google subsidiaries in 2015

Google Co-Founders Step Down, Appoint Sundar Pichai Alphabet CEO Alphabet Logo With Letter Toys

Larry Page and Sergey Brin as proud parents

Page and Brin will remain on Alphabet’s board of directors and the company’s two largest single shareholders even after they step down. You keep the majority of the voting shares. This gives them effective control over the board of directors and helps shape the future of Google and Alphabet.

“If the company were a person today in 2019, it would be a young adult of 21 and it would be time to leave the nest,” the founders wrote in a public letter on Tuesday. Here you can read full text. “While it has been a great privilege to be involved in the day-to-day management of the company for so long, we believe it is time to take on the role of proud parents – offering advice and love, but not nagging every day!”

Google’s new superpower

Google co-founders step down and appoint Sundar Pichai as Alphabet CEO the new superpower of google sundar pichai

Google Co-Founders Resign and Appoint Sundar Pichai Alphabet CEO Alphabet All Companies In It