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Larry Page Steps Down As CEO Of Alphabet

Google cofounder Larry Page is stepping down as CEO of Alphabet and handing the reins to current Google CEO Sundar Pichai, who will now hold both positions, the company announced Tuesday.

Page and cofounder Sergey Brin, who is stepping down as Alphabets president, will remain on the companys board of directors.

Pichai, who had previously run Googles Android and Chrome units and has been at the company for 15 years, became CEO of Google at that time.

At Alphabets annual meeting in June, multiple shareholders criticized the fact that Page did not show up given that he and Brin have more than 50% of the companys voting power, thanks to Alphabets multi-class stock structure.

As Googles empire of products and services has ballooned from the search engine that the duo launched in 1998, the cofounders stakes in the company have made them enormously wealthy.

As scrutiny of Big Tech has increased in Washington, an antitrust probe of Google could reportedly include not just its advertising business, but search and Android as well.

Customs and Border Protection, its treatment of contract workers, and most recently, the firing of four company organizers.

Im a San Francisco-based staff writer for Forbes reporting on Google and the rest of the Alphabet universe, as well as artificial intelligence more broadly.

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