Current Google CEO will also manage Alphabet under one role in bid to simplify management structure
Googles co-founders, Larry Page and Sergey Brin, are stepping down from their positions at the parent company Alphabet, leaving Googles CEO, Sundar Pichai, to manage both Alphabet and Google under one role.
Googles parent company, Alphabet, was created through corporate restructuring in October 2015 to manage ventures outside its main search businesses, known in the company as other bets. Page was Alphabets CEO, while Brin was its president.
Alphabet has since become well established, Page and Brin wrote in a blogpost announcing the change. The executives wrote that it was time for the companies to simplify management structure.
Weve never been ones to hold on to management roles when we think theres a better way to run the company, they said in the post. And Alphabet and Google no longer need two CEOs and a president.
Pichai has been leading Google for more than four years. The company has nearly doubled its headcount since he took over, growing from 59,000 employees to 114,000.