Larry Page and Sergey Brin resigns and hand over the responsibilities to Sundar Pichai, current CEO of Google. And from now on Sundar Pichai will handle both the companies as CEO. And look forward to taking the company to the next level just like he did with Google and is still working day to day, bringing improvements on daily basis and making technology and human life more easier.
The founders also shows a lot of trust in the current CEO of Google and quotes – “Sundar brings humility and a deep passion for technology to our users, partners and our employees every day. He’s worked closely with us for 15 years, through the formation of Alphabet, as CEO of Google, and a member of the Alphabet Board of Directors. He shares our confidence in the value of the Alphabet structure, and the ability it provides us to tackle big challenges through technology. There is no one that we have relied on more since Alphabet was founded, and no better person to lead Google and Alphabet into the future.”
Pichai’s will hold 0.1% shares in Alphabet, and together Larry and Sergey hold 51% of special class of Alphabet shares, giving them the voting right and ultimate control on the company’s future.
And Sundar Pichai stepping in as a CEO of Alphabet, he also quoted that “I want to be clear that this transition won’t affect the Alphabet structure or the work we do day to day. I will continue to be very focused on Google and the deep work we’re doing to push the boundaries of computing and build a more helpful Google for everyone.”
Larry Page and Sergey Brin would still be actively involved as board members and major shareholders. “In addition, we plan to continue talking with Sundar regularly, especially on topics we’re passionate about,” they said.