Larry Page and Sergey Brin — who founded the search giant Google more than 20 years ago —are stepping down from their executive roles at Alphabet, the parent company of Google.
Google CEO Sundar Pichai will serve as the chief executive at both companies.
The founders’ announced their departure in a company letter, saying, “if the company was a person, it would be a young adult of 21 and it would be time to leave the roost.”
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“While it has been a tremendous privilege to be deeply involved in the day-to-day management of the company for so long, we believe it’s time to assume the role of proud parents — offering advice and love, but not daily nagging!”