The Alphabet and Google no longer need two CEOs and a President, said Google+ founders Larry Page and Sergey Brin.
Sundar Pichai will be the CEO of both Google and Alphabet, they added.
“Going forward, Sundar will be the CEO of both Google and Alphabet. He will be the executive responsible and accountable for leading Google, and managing Alphabet’s Investment in our portfolio of Other Bets,” Larry and Sergey said in a joint statement.
They said that they are deeply committed to Google and Alphabet for the long term, and will remain actively involved as Board members, Shareholders and co-founders.
“In addition, we plan to continue talking with Sundar regularly, especially on topics we’re passionate about!,” said Larry and Sergey.
“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,” they said.
In response to the decision taken by Larry and Sergey, Sundar Pichai said, “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.”
“At the same time, I’m excited about Alphabet and its long term focus on tackling big challenges through Technology,” Pichai added.