In a rather surprising development, Larry Page and Sergey Brin, co-founders of Google, have announced that they are stepping aside, handing over the reins to Sundar Pichai. Pichai will take over as CEO of Google’s parent company Alphabet. This will be in addition to his current responsibility as Google’s chief executive.
In a joint statement, Page and Brin 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.”
The reasons could be many. One of course, it takes away concerns that Larry Page was a largely invisible and very much ineffective head, needing one figure of authority at the help. Secondly, perhaps Alphabet, envisioned as an experimental part of the company, may well have reached a point where it is no longer relevant.
Co-founders Larry Page and Sergey Brin will stay active as Google board members.