Alphabet Leaders Page and Brin Step Down; Pichai Taking Over (2)

Larry Page and Sergey Brin, the founders of Google, will step down from their roles as chief executive officer and president of parent Alphabet Inc., the company said in a note on Tuesday.

Sundar Pichai, the CEO of Google, will also be the CEO of Alphabet. Both Page and Brin, the major shareholders, will remain on the company board.

“We are deeply committed to Google and Alphabet for the long term, and will remain actively involved as board members, shareholders and co-founders,” Page and Brin wrote. “In addition, we plan to continue talking with Sundar regularly, especially ...