The co-founders of Google , Larry Page and Sergey Brin, both 46, have announced they are stepping down from Alphabet company CEO but will remain on the company's board.
They control 51% of voting rights on Alphabet's board and can override any decision. Alphabet was created in 2015 as part of a corporate restructuring of Google, which Mr Page and Mr Brin founded in a California garage in 1998. At this time, was also affirmed that Alphabet no longer need two CEOs and a President. The future CEO replacing them will be Mr Sundar Pichai, who is also CEO of Google. There was "no better person" to lead the company into the future, they said.
In a statement, Mr Pichai said he was "excited" about the transition and paid tribute to Mr Page and Mr Brin. Pichai was born in Madurai, Tamil Nadu, India. He earned his degree from Indian Institute of Technology Kharagpur in metallurgical engineering. He holds an M.S. from Stanford University in material sciences and engineering, and an MBA from the Wharton School of the University of Pennsylvania. He joined Google in 2004. Pichai's interests include football and cricket.