Larry Page and Sergey Brin guided Google from a search startup to a massive conglomerate, will remain board members and controlling
shareholders Alphabet Inc. will enter the 2020s without two leaders who have been a constant presence since Google was launched out of a
Silicon Valley garage more than 20 years ago. Alphabet (GOOGL) Chief Executive Larry Page and President Sergey Brin are exiting active
management of the company immediately, the Google parent company announced Tuesday afternoon. Sundar Pichai, who has been chief
executive of Google since the company transformed into the conglomerate known as Alphabet, will now function as chief executive of
Alphabet as well as Google. “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,” Page and Brin wrote in a letter posted Tuesday afternoon. “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.”

By Vincent Mivelaz



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