Since the creation of Google in 1998, Larry Page and Sergey Brin have always held the reins of their company with a firm hand. But after 21 years of slaving for their company, the two Google co-founders have decided to resign from their positions. Either way, they will still have control of the company.
The end of an era for the web giant
Larry Page and Sergey Brin will thus officially withdraw from the executive management of the company Alphabet. Sundar Pichai, current CEO of Google and longtime leader of the company, will now assume the role of CEO ofAlphabet in addition to his current position. However, the co-founders will continue to sit on the board of directors ofAlphabet.
They also retain control of the votes over the company, ensuring their ability to influence the management of Alphabet with or without their executive titles. Remember that Page and Brin founded the company Google in 1998 in a garage. They currently hold 25.9% and 25.1% respectively of the voting rights ofAlphabet, according to official company documents.
The announcement of their resignation was made via a letter to shareholders published on the blog of Google. « With Alphabet now well established, with Google and the other parties functioning effectively as independent companies, the time has come to simplify our management structure. We don’t have to keep leadership roles when we think there is a better way to run the company They wrote in the letter. ” Alphabet and Google no longer need two CEOs and a president », They added.
A renewal without much novelty for the company Alphabet
For his part, Sundar Pichai wanted to reassure its employees. In an email address to employees ofAlphabet and of Google, he stated : ” I will continue to be very focused on Google and the in-depth work we do to push the boundaries of IT and create a more useful Google for everyone. »
Remember that since joining Google in 2004, Pichai supervised the development of the most important software of Google, especially Chrome, Drive, Gmail and Maps. In 2013, Pichai also succeeded Andy Rubin to manage Android, and he became CEO of Google in 2015. Earlier this year, Pichai announced that Android was the most used operating system, with 2.5 billion active devices worldwide.