Current Google CEO Sundar Pichai is set to absorb their current responsibilities and become CEO of both Alphabet and Google.
“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,” Page and Brin wrote in a letter about the decision. “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!”
Title changes aside, it’s unclear just how significant a management shake-up the move represents. Page and Brin pledged Tuesday to “remain actively involved as Board members, shareholders and co-founders,” as well as to “continue talking with Sundar regularly.”
This is a developing story. Please check back for updates.