Illustration by Alex Castro / The Verge

Google co-founders Larry Page and Sergey Brin, who have mostly stayed out of the spotlight since restructuring their company four years ago, are relinquishing control of parent company Alphabet to current Google CEO Sundar Pichai, the duo announced today in a joint press release. The two men will remain employees of Alphabet and retain their seats on the board, but they will no longer oversee the company’s sprawling, almost trillion-dollar empire they created while at Stanford University more than 20 years ago.

“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’ve never been ones to hold on to management roles…

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Source:: The Verge – All Posts

      

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