Google Founders Larry Page and Sergey Brin Stepping Down at Alphabet
- Company veteran Pichai to be CEO of both Google and Alphabet
- Google founders retain control through special voting stock
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Google founders Larry Page and Sergey Brin are stepping down as leaders of parent company Alphabet Inc., ending day-to-day involvement as regulators intensify scrutiny of an internet industry the two men helped create.
Sundar Pichai, the CEO of Google, will also run Alphabet, the company said on Tuesday. The transition gives Pichai, who has led Google since 2015, oversight of the conglomerate’s vast array of expensive, futuristic endeavors, such as autonomous cars and new health-care technology. Page and Brin will still be controlling shareholders and stay on the board.