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Google founders step down from CEO and president of Alphabet Inc

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The Google founders Larry Page and Sergey Brin published a letter in the Keyword, while announcing on Tuesday that they are stepping down from the roles as chief executive officer and president of Google parent, Alphabet Inc. Sundar Pichai, the CEO of Google, will also be the CEO of Alphabet.

Both Page and Brin will still remain as active founders, the shareholders, and board members of Alphabet Inc.

Page and Brin said that now is the "natural time to simplify our management structure" and that Alphabet and Google no longer need to be served by both separate CEOs and a president.

“Alphabet is about businesses prospering through strong leaders and independence.”

“We are deeply committed to Google and Alphabet for the long term, and will remain actively involved as board members, shareholders and Co-founders,” Page and Brin wrote. “In addition, we plan to continue talking with Sundar regularly, especially on topics we’re passionate about!” Sergey Brin wrote in the letter.

Larry Page and Sergey Brin started Google in September 1998, and has led the company for many years to become one of the biggest tech giants in the world, when Google reorganized to form the new parent company to oversee its "Other Bets" outside of its main search and digital ads businesses, in October 2015 Alphabet became Google’s parent company. Page took over as Alphabet CEO and Brin as the president.

Today, in 2019, if the company was a person, it would be a young adult of 21 and it would be time to leave the roost. While it has been a tremendous privilege to be deeply involved in the day-to-day management of the company for so long, we believe it’s time to assume the role of proud parents—offering advice and love, but not daily nagging! the founders wrote in their letter.

Page and Brin build what would become one of the biggest tech giants in the world in September 1998.

Sundar Pichai will run both Alphabet and Google, which he promises to remain focused on.