On December 3, Google announced that Google co-founders Larry Page and Sergey Brin would leave their respective roles as CEO and President of Alphabet. Sundar Pichai, the current SEO of Google, will become CEO of Alphabet as well.
Although Page and Brin are stepping down from their roles of President of and CEO, they will “remain active” as share holders an board members of the company.
After Sundar became CEO of Google roughly four years ago, revenues grew from roughly 74.5 billion to $136 billion last year. The company’s share price has more than doubled and its market cap grew from just below $500 billion to about $900 billion today.
Pichai will now be the sole leader atop of Google’s digital empire, presiding over the company at a time opportunity and peril. Regulators are are trying to find ways to rein the company in, as well as impose new ways of control on how it operates. Also, there is the tension found internally as some employees voice their concerns over a range of both internal and external issues.