Larry Page, Google cofounder. Justin Sullivan/Getty ImagesGoogle 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 Alphabet’s president, will remain on the company’s board of directors. “With Alphabet now well-established, and Google and the Other Bets operating effectively as independent companies, it’s the natural time to simplify our management structure,” Brin and Page wrote in a joint statement. Meanwhile, Google employees have repeatedly clashed with management on company policies and business practices.

Source: Forbes December 03, 2019 21:39 UTC