Google co-founders Larry Page and Sergey Brin have announced that they are stepping down from the leadership role of the parent company Alphabet.
Google CEO Indian-American Sundar Pichai (47), will be assuming the role of Alphabet CEO, making him one of the most powerful corporate leaders of the world. Considered as a significant shakeup in the Silicon Valley company, an announcement in this regard was made by Page and Brin in a letter to the company employees, which also included a statement from Pichai.
With Alphabet now well-established, and Google and 'Other Bets' operating effectively as independent companies, it's the natural time to simplify our management structure, wrote the two Google co-founders.
