Google CEO Sundar Pichai is adding another responsibility to his job: Pichai will also be the CEO of parent holding company Alphabet going forward, taking the helm from co-founder and longtime CEO Larry Page.
Additionally, co-founder Sergey Brin will be resigning from his post as the president of Alphabet. Brin and Page jointly announced the leadership change in a blog post Tuesday afternoon, writing:
“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,” the duo wrote.
Pichai has been with Google since 2004, and oversaw several of the company’s key products before becoming CEO of Google in 2015 when the search giant reorganized its corporate structure.
At the time, Google launched Alphabet as an umbrella holding company for both its core Google business as well as so-called other bets, which initially included its Nest smart device business as well as its Google Fiber internet access venture, and companies focused on robotics, self-driving cars and bio-technology.
Since then, Alphabet’s portfolio of other bets has seen some significant changes. Nest was brought back into Google to become a part of the company’s hardware business, and Google Fiber has been scaled back significantly. Alphabet also sold off its robotics subsidiary Boston Dynamics, and closed another robotics venture last year.
However, in their blog post, Page and Brin insisted that all was well at Alphabet, highlighting success stories of some other subsidiaries:
“Hundreds of Phoenix residents are now being driven around in Waymo cars—many without drivers! Wing became the first drone company to make commercial deliveries to consumers in the U.S. And Verily and Calico are doing important work, through a number of great partnerships with other healthcare companies. Some of our ‘other bets’ have their own boards with independent members, and outside investors.”
The duo argued that Pichai was best suited to lead Alphabet going forward: “There is no one that we have relied on more since Alphabet was founded, and no better person to lead Google and Alphabet into the future.”