Google co-founders step aside as Indian-American Sundar Pichai takes over Alphabet
Washington/IBNS: Indian-origin Google’s chief executive Sundar Pichai has been named as the chief of Google’s parent company Alphabet.
Larry Page and Sergey Brin, the two Stanford University graduate students who founded Google more than two decades ago, announced their decision to step down from the executive posts.
In a statement, the company said: "They will continue their involvement as co-founders, shareholders and members of Alphabet’s Board of Directors."
Meanwhile, Sundar Pichai will remain the CEO of Google, and assumes the role of managing Alphabet’s investment in its portfolio of Other Bets. Pichai will remain a member of Alphabet’s Board of Directors.
I’m excited about Alphabet’s long term focus on tackling big challenges through technology. Thanks to Larry & Sergey, we have a timeless mission, enduring values and a culture of collaboration & exploration - a strong foundation we’ll continue to build on https://t.co/tSVsaj4FsR
— Sundar Pichai (@sundarpichai) December 4, 2019
John Hennessy, Chairman of Alphabet’s Board of Directors, said: “It’s impossible to overstate Larry and Sergey’s contributions over the past 21 years. I’m grateful that they will continue their involvement on the Board.”
Pichai said: “I’m excited about Alphabet and its long term focus on tackling big challenges through technology. I’m looking forward to continuing to work with Larry and Sergey in our new roles. Thanks to them, we have a timeless mission, enduring values, and a culture of collaboration and exploration. It’s a strong foundation on which we will continue to build.”
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