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(GERMANY OUT) Google - Gründer und Präsident, Russland / USAmit seinem Partner Larry Page (r) (Photo by JOKER/Martin Magunia/ullstein bild via Getty Images)

Google co-founders exit management roles at parent company

(GERMANY OUT) Google - Gründer und Präsident, Russland / USAmit seinem Partner Larry Page (r) (Photo by JOKER/Martin Magunia/ullstein bild via Getty Images)

Google co-founders Larry Page and Sergey Brin have stepped down from their principal roles at parent company, Alphabet, effective immediately.

(Google co-founders Larry Page and Sergey Brin (Photo: Getty Images)

Page departs the role of chief executive officer while Brin is the outgoing president; both men will continue on as members of the company’s Board of Directors, Alphabet said yesterday.

Sundar Pichai, Google’s CEO since 2015, will assume the role of chief executive at Alphabet, while also retaining his role at the search company.

“Creativity and challenge remain as ever-present as before, if not more so, and are increasingly applied to a variety of fields such as machine learning, energy efficiency and transportation.”

– Page and Brin

Commenting on their departure yesteday, Page and Brin said Google no longer needs two CEOs and a President and that it was time to simplify the Alphabet’s management structure saying it is “well-established, and Google and the Other Bets (its other business interests) operating effectively as independent companies.”

Additionally, Page and Brin in the joint statement, said the company is “not conventional and continues to make ambitious bets on new technology, especially with our Alphabet structure.”

Alphabet and Google’s CEO, Sundar Pichai (Photo: CNET)

The pair added that “creativity and challenge remain as ever-present as before, if not more so, and are increasingly applied to a variety of fields such as machine learning, energy efficiency and transportation,” adding that providing access to “unbiased, accurate and free” information remains at Google’s core.

Pichai joined Google 15 years ago and led the development of the popular Toolbar and internet browser Chrome. A decade later he was selected to lead product and engineering of Google’s platforms, including Search, Maps, Play, Android and Gmail, the release said.

Google hires more than 100,000 people worldwide. (Photo: Telegraph)

Google was founded in 1998 and currently has more than 100,000 employees globally. Alphabet became its parent holding company in October 2015.