It’s been a few years since Alphabet and Google were split into two companies operated by two different CEOs. Larry Page was the CEO of Alphabet Inc., while Sundar Pichai headed Google Inc. The new development makes Sundar Pichai the new CEO of both the firms.
Google co-founders Larry Page and Sergey Brin have stepped down from their position at Alphabet, as CEO and President, respectively, but they will continue to remain engaged as co-founders, board members, and shareholders of Alphabet. This new shift will be effective instantly.
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.”
Sundar Pichai, the Indian born CEO will remain a member of Alphabet’s board of directors while leading the firm’s investments in Other Bets. He will also look over the company as it’s embroiled in antitrust investigations and controversies regarding data practices and privacy in the US.
Larry Page said, “With Alphabet now well-established, and Google and the Other Bets operating effectively as independent companies, it’s the natural time to simplify our management structure. We are deeply committed to Google and Alphabet for the long term.” Page and Sergey Brin co-founded Google 21 years ago.
Currently, Alphabet is one of the globe’s most valuable companies which has a profit of $30 billion on revenue of $110 billion (2018).