Google co-founder Larry Page stepping down as CEO of Alphabet

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The two boffins were Chief Executive and President of Google's parent company Alphabet, but following the departures, it's Google's CEO, Sundar Pichai who will fill the void, expanding his role to the wider company.

It remains to be seen how big of an impact this management shakeup will have on Alphabet's operations moving forward, but it's probable that Page and Brin have been ramping down their involvement with the company for some time. "We are deeply committed to Google and Alphabet for the long term".

Pichai, born in India, takes the helm at a time when Page and Brin, both 46, have been noticeably absent, and the company faces a torrent of controversies relating to its dominant position in the tech world.

The company had used the separation between Page's and Pichai's roles to defend its limited financial disclosures about YouTube and other businesses owned by Google when the practice was questioned by USA securities regulators in 2017. Amidst restructuring, Google's co-founder and then-CEO, Larry Page, moved to oversee Alphabet while the SVP of Products, Sundar Pichai, was promoted as the new CEO of Google. He's worked closely with us for 15 years, through the formation of Alphabet, as CEO of Google, and a member of the Alphabet Board of Directors.

Pichai said that the managerial changes at Alphabet will not affect the work the company has been doing. Both Page and Brin, the major shareholders, will remain on the company board. What started as a way to catalog the growing internet has now become one of the most powerful companies in the world.

Indications today are that Google and Alphabet will continue to appear to operate as they have over the past several years, save the adjustment of rank of order for Pichai.

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Under Page and Brin, Google's motto had been: "Don't be evil" but it was changed to: "Do the right thing" when Alphabet was created in 2015. Pichai stepped into the role of CEO of Google at the same time, following his meteoric rise to the top ranks of Google's leadership. Brin wrote in the post.

Alphabet shares were up slightly in after-hours trading.

"Thanks to them, we have a timeless mission, enduring values, and a culture of collaboration and exploration that makes it exciting to come to work every day. It's a strong foundation on which we will continue to build".

Regulators in the US and Europe are looking into how dominant Google is in search and advertising.

Google's longest serving CEO is still Mr Eric Schmidt, the former executive brought into the role in 2001 as a so-called "adult supervisor" for Mr Brin and Mr Page.

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