Google: Colossus co-founders Paige and Brin resign

Its co-founders, Larry Peace and Sergey Brin resign immediately from their duties as CEO and chairman respectively of the parent company A.

Αin 1998 they created a colossus massively influencing developments in the world of technology, but now it's time to close a big chapter in Google.

However, the "mythical" duo of 46-year-old co-founders of Google will remain on its board, where they will jointly control more than 51% of the votes, so although they will no longer "run" the company, they continue to control it. The position of CEO at Alphabet is taken by the 47-year-old CEO of Google Sundar Pinchai, who owns less than 1% of the company's shares.

Alphabet, which has many subsidiaries under its umbrella, was created in 2015 as part of the restructuring of the ever-expanding Google, which in turn was founded in 1998 in a California garage by Larry Page and Sergey Brin.

The latter "moved" from Google to Alphabet when it was created, and have now decided to relinquish these managerial duties and hand them over to what is considered to be the successful head of Google, the Indian-born Pinchai.

New era for Google and Alphabet

In a joint letter, the historic Google duo that created it from scratch said they would remain actively involved as board members, shareholders and co-founders, adding that it was time to simplify the company's management structure. «"Alphabet and Google no longer need two CEOs and a president," they said, adding that "they will take on the role of proud parents, offering advice and love, but not daily encouragement."", While emphasizing that"there is no better person»From Pinchai to take over the reins of the whole group.

The Indian engineer studied at Stanford University and Pennsylvania, USA, before joining Google in 2004, where he gained a reputation as the developer of the Chrome web browser and several other products and services.

In a statement, according to the BBC and Reuters, he stated that "the founders gave us all an incredible opportunity to leave our mark on the world"And said impatiently"to see where we are going now, continuing the journey with all of you».

Surely, this journey points to artificial intelligence, but the road will be paved with obstacles as governments around the world and civil society organizations become increasingly nervous and demanding of Google and other big tech companies for a variety of reasons. , from tax evasion and breach of free competition to the misuse of users' personal data.

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