Google co-founders Larry Page and Sergey Brin are leaving their executive positions at Alphabet or Google. The duo restructured Google and created Alphabet four years ago. Page and Brin created Alphabet to separate Google from the increasing number of investments in small companies. However, it also allowed Page and Brin to focus on projects like self-driving cars, electric aircraft, and Project Loon while being the CEO and President at Alphabet, respectively. The duo will retain their seats on the board and have a combined net worth of more than $100 billion. Google CEO Sundar Pichai will get complete control as CEO of both Google and Google’s parent company, Alphabet.
Although the duo created Alphabet to separate Google from other independent companies, the line has always been thin. Google frequently collaborated with multiple Alphabet subsidiaries and sharing resources. Google acquired Nest and DeepMind but shared new features that muddled the line. Also, Some Alphabet companies carried Google branding, which even further confused the division. So, it is not clear how the day to day operations will progress moving forward.
Larry Page and Sergey Brin described the move of leaving in a letter on Google’s blog:
With Alphabet now well-established, and Google and the Other Bets operating effectively as independent companies, it’s the natural time to simplify our management structure. We’ve never been ones to hold on to management roles when we think there’s a better way to run the company. And Alphabet and Google no longer need two CEOs and a President. Going forward, Sundar will be the CEO of both Google and Alphabet. He will be the executive responsible and accountable for leading Google, and managing Alphabet’s investment in our portfolio of Other Bets. We are deeply committed to Google and Alphabet for the long term, and will remain actively involved as Board members, shareholders and co-founders. In addition, we plan to continue talking with Sundar regularly, especially on topics we’re passionate about!
Sundar Pichai later sent an email to all the employees saying that transition will have little to no impact on the day to day operations.
I want to be clear that this transition won’t affect the Alphabet structure or the work we do day to day. I will continue to be very focused on Google and the deep work we’re doing to push the boundaries of computing and build a more helpful Google for everyone. At the same time, I’m excited about Alphabet and its long term focus on tackling big challenges through technology.