Sundar Pichai is promoted as CEO of Alphabet. Presently he is CEO of Google but ready to take the new responsibility as the founding fathers of the tech giant Larry Page and Sergey Brin decided to step down from the active management.
Why Page and Brin opted out of management?
The founding fathers of Alphabet had already started reducing their roles in the day-to-day operations of the company since 2015. And they thought that the it was the right time to share the responsibility.
Alphabet is well-established and Google and the “Other Bets” working properly. Also, there is little need to different CEOs for Alphabet and Google. Sundar Pichai was considered the right man for becoming CEO of Alphabet and Google. He will the executive responsible for managing the parent company and the “Other Bets”.
What was the role of Page and Brin in the present setup?
It is made clear that Larry Page and Sergey Brin are only limiting their responsibilities and that they will continue to be in the board of the company. As board of directors, they will remain in touch with … Read the rest