This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at https://www.bbc.co.uk/news/technology-50653345
The article has changed 4 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Google co-founders Larry Page and Sergey Brin step down from parent firm | |
| (32 minutes later) | |
| Larry Page and Sergey Brin, co-founders of Google, have announced they are stepping down from running the online giant's parent company. | Larry Page and Sergey Brin, co-founders of Google, have announced they are stepping down from running the online giant's parent company. |
| The two will leave their roles as CEO and president of Alphabet but will remain on the company's board. | The two will leave their roles as CEO and president of Alphabet but will remain on the company's board. |
| Google CEO Sundar Pichai will become Alphabet's CEO too, a statement said. | |
| Alphabet was created in 2015 as part of a corporate restructuring of Google, which Mr Page and Mr Brin famously founded in a California garage in 1998. | |
| The parent company was intended to make the tech giant's activities "cleaner and more accountable" as it expanded from internet search into other areas like self-driving cars. | |
| The pair moved from Google to Alphabet when it was formed - they said they made the jump to focus on starting new initiatives. | |
| But in a blog post on Tuesday, the pair, both aged 46, announced their departure from Alphabet. | |
| A joint letter said they would remain "actively involved as board members, shareholders and co-founders" but said it was the "natural time to simplify our management structure". | |
| "We've never been ones to hold on to management roles when we think there's a better way to run the company. And Alphabet and Google no longer need two CEOs and a President," their letter said. | |
| They also declared it was time to "assume the role of proud parents - offering advice and love, but not daily nagging" and insisted there was "no better person" to lead the company into the future than Mr Pichai. | |
| The 47-year-old was born in India, where he studied engineering. He went on to study in the US at Stanford University and the University of Pennsylvania before joining Google in 2004. |