Google founders Sergey Brin and Larry Paige are leaving their positions: the cause

Основатели Google Сергей Брин и Ларри Пейдж покидают свои должности: названа причина

Born in the USSR and married a second time in October, the co-founder of Google billionaire Sergey Brin and his partner Larry page refused leadership positions in the parent company Alphabet. About that Brin and page wrote in his blog.

Sergey Brin held the position of President of the company Google, and Larry page — CEO.

Now they gave full control of the company, Director General of Google Sundar Pichai.

“Alphabet and Google don’t need two Directors-General and the President. In the future, Sundar is the Director General and Google, and Alphabet”. — they wrote.

According to the founders, over two decades, the company fully “developed and matured”.

While page and Brin promised to continue to take an active part in it as members of the Board and shareholders, and to communicate regularly with Pichai — especially on topics that they are addicted to.

In addition, Brin and page decided to remain shareholders of the Alphabet and to serve on the Board of Directors.

By 2018, the Alphabet became the third by market value company in the world. Bloomberg analysts estimated the company in 745 billion. The first two lines then took Amazon and Microsoft, 797 and 789 billion dollars, respectively.

In August 2015 Google conducted a large-scale restructuring: units of development, far from Internet business, was established as a separate company, and they, along with Google, entered the holding Alphabet.

As previously reported “FACTS”, the Google search turned 21 in September. Google was founded in 1998 as a school project of Larry page and Sergey Brin were students at Stanford University. The main domain of the search engine google.com was was 15 September 1997.

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