Founders of Google announce a major corporate restructuring

Google CEO Sundar Pichai

Google chief executive Sundar Pichai will assume the CEO role at parent firm Alphabet in a shakeup at the top of the Silicon Valley titan, the company said Tuesday.

With Alphabet now well-established, and Google and the Other Bets operating effectively as independent companies.Alphabet and Google no longer need two CEOs and a President. He says he will continue to focus on Google while helping manage Alphabet's long term focus and future challenges. Continuing forward, current Google CEO Sundar Pichai will take the chief executive officer position at Alphabet while retaining his role at Google.

Google's co-founders Larry Page and Sergey Brin are stepping down from their roles at Google's parent company, Alphabet.

Pichai assured employees in an internal email that his new job wouldn't mean he was taking a step back from Google.

Indications today are that Google and Alphabet will continue to appear to operate as they have over the past several years, save the adjustment of rank of order for Pichai.

"We are deeply humbled to have seen a small research project develop into a source of knowledge and empowerment for billions - a bet we made as two Stanford students that led to a multitude of other technology bets", they wrote. Alphabet has, since inception, had Larry Page as CEO and Sergey Brin as President.

More news: United States court orders banks to release Trump financial documents

Google, the company that was known for the motto "don't be evil", has been known for its open and freewheeling culture, with employees encouraged to speak out.

Google CEO Sundar Pichai speaks during signing ceremony committing Google to help expand information technology education at El Centro College in Dallas, Texas, U.S. October 3, 2019.

But Mr Bajarin said doing so might make sense, given that Mr Pichai will have so much on his plate as CEO of the overall business, including regulatory pressures from the U.S. and Europe. Brin holds 41.3% of the Class B shares and 25.2% of the voting power.

Alphabet stock was up 0.5% in after hours trading.

The geeky impulses carried into his adulthood, leading him to once build an inkjet printer out of Legos.

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