Larry Page and Sergey Brin, who cofounded Google in 1998, are stepping down from their day-to-day roles at Google’s parent company, Alphabet, and handing leadership responsibility to Sundar Pichai, who will serve as CEO of both Google and Alphabet moving forward.

Previously, Page served as CEO of Alphabet and Brin served as president. Both Page and Brin will continue as members of Alphabet’s board of directors, according to a letter published by the two cofounders today. They will also retain a majority of voting power over company decisions.

Källa: Google’s Cofounders Are Stepping Down. Sundar Pichai Will Become The CEO Of Google And Alphabet.

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