ews Burst 22 March 2020
- Signifying an end to an era, Alphabet CEO Larry Page and President Sergey Brin are relinquishing their executive roles at Google’s parent company. Google CEO Sundar Pichai will become CEO of Alphabet, while keeping his current role at Google. In a blog post, Page and Brin said, “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!” They added, “We’ve never been ones to hold on to management roles when we think there’s a better way to run the company.” The two cofounders will still serve on the board of directors at Alphabet and hold control voting rights over the company. They will still have a strong influence, but will not operate with official executive titles.
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