Case Document Filed Page of Case Document Filed Page of AM Alphabet management change Investor Relations Alphabet Press release Alphabet management change Larry Page and Sergey Brin decide to transition from their roles as CEO and President respectively of Alphabet Sundar Pichai CEO of Google becomes CEO of both Google and Alphabet Page and Brin to remain active as co-founders shareholders and board members of Alphabet For Page and Brins comments on the transition see their letter on blog google and included below Weve never been ones to hold on to management roles when we think theres a better way to run the company MOUNTAIN VIEW Calif December Alphabet Inc NASDAQ GOOG GOOGL today announced a management change The change is effective immediately Larry Page and Sergey Brin the CEO and President respectively of Alphabet have decided to leave these roles They will continue their involvement as co-founders shareholders and members of Alphabets Board of Directors Sundar Pichai the CEO of Google becomes the CEO of Google and Alphabet He will remain the CEO of Google and assumes the role of managing Alphabets investment in its portfolio of Other Bets Pichai will remain a member of Alphabets Board of Directors Page and Brin wrote a letter about the transition at blog google included below John Hennessy Chairman of Alphabets Board of Directors said Its impossible to overstate Larry and Sergeys contributions over the past years Im grateful that they will continue their involvement on the Board Pichai said Im excited about Alphabet and its long term focus on tackling big challenges through technology Im looking forward to continuing to work with Larry and Sergey in our new roles Thanks to them we have a timeless mission enduring values and a culture of collaboration and exploration Its a strong foundation on which we will continue to build A letter from Larry and Sergey Our very first founders letter in our began Google is not a conventional company We do not intend to become one Throughout Googles evolution as a privately held company we have managed Google differently We have also emphasized an atmosphere of creativity and challenge which has helped us provide unbiased accurate and free access to information for those who rely on us around the world We believe those central tenets are still true today The company is not conventional and continues to make ambitious bets on new technology especially with our Alphabet structure 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 Nonetheless Google core service providing unbiased accurate and free access to information remains at the heart of the company However since we wrote our first founders letter the company has evolved and matured Within Google there are all the popular consumer services that followed search such as Maps Photos and You Tube a global ecosystem of devices powered by our Android and Chrome platforms including our own Made by Google devices Google Cloud including GCP and Suite and of course a base of fundamental technologies around machine learning cloud computing and software engineering Its an honor that billions of people have chosen to make these products central to their lives this is a trust and responsibility that Google will always work to live up to And structurally the company evolved into Alphabet in As we said in the Alphabet founding letter in Alphabet is about businesses prospering through strong leaders and independence Since we wrote that hundreds of Phoenix residents are now being driven around in Waymo cars many without drivers Wing became the first drone company to make commercial deliveries to consumers in the US And Verily and Calico are doing important work through a number of great partnerships with other healthcare companies Some of our Other Bets have their own boards with independent members and outside investors https://abc Case Document Filed Page of AM Alphabet management change Investor Relations Alphabet Those are just a few examples of technology companies that we have formed within Alphabet in addition to investment subsidiaries GV and Capital which have supported hundreds more Together with all of Googles services this forms a colorful tapestry of bets in technology across a range of industries all with the goal of helping people and tackling major challenges Our second founders letter began Google was born in If it were a person it would have started elementary school late last summer around August and today it would have just about finished the first grade Today in if the company was a person it would be a young adult of and it would be time to leave the roost 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 time to assume the role of proud parents offering advice and love but not daily nagging With Alphabet now well-established and Google and the Other Bets operating effectively as independent companies its the natural time to simplify our management structure Weve never been ones to hold on to management roles when we think theres a better way to run the company And Alphabet and Google no longer need two CEOs and a President Going forward Sundar will be the CEO of both Google and Alphabet He will be the executive responsible and accountable for leading Google and managing Alphabets investment in our portfolio of Other Bets We are deeply committed to Google and Alphabet for the long term and will remain actively involved as Board members shareholders and co-founders In addition we plan to continue talking with Sundar regularly especially on topics were passionate about Sundar brings humility and a deep passion for technology to our users partners and our employees every day Hes worked closely with us for years through the formation of Alphabet as CEO of Google and a member of the Alphabet Board of Directors He shares our confidence in the value of the Alphabet structure and the ability it provides us to tackle big challenges through technology There is no one that we have relied on more since Alphabet was founded and no better person to lead Google and Alphabet into the future We are deeply humbled to have seen a small research project develop into a source of knowledge and empowerment for billions a bet we made as two Stanford students that led to a multitude of other technology bets We could not have imagined back in when we moved our servers from a dorm room to a garage the journey that would follow Larry Page and Sergey Brin Founders About Sundar Pichai CEO of Google and Alphabet Sundar is the CEO of Google and Alphabet and serves on Alphabets Board of Directors He joined Google in and helped lead the development of Google Tool bar and then Google Chrome which grew to become the worlds most popular internet browser In he was appointed to lead product and engineering for all of Googles products and platforms including popular products such as Search Maps Play Android Chrome Gmail and Google Apps now Suite Sundar became Googles CEO in August He joined the Board of Directors of Alphabet Googles parent company in July Under his leadership as CEO Google has been focused on developing products and services powered by the latest advances in Al that offer help in moments big and small It has invested in new opportunities such as Google Cloud and You Tube and has continued to be a leader in advanced technologies including machine learning and quantum computing In December in addition to his role as CEO of Google Sundar became the CEO of Googles parent company Alphabet Sundar grew up in Chennai India and studied engineering at the Indian Institute of Technology where he was awarded an Institute Silver Medal He holds a masters degree from Stanford University and an MBA from the Wharton School where he was named a Siebel Scholar and a Palmer Scholar About Alphabet Inc Larry Page and Sergey Brin founded Google in September Since then the company has grown to more than employees worldwide with a wide range of popular products and platforms like Search Maps Ads Gmail Android Chrome Google Cloud and YouTube In October Alphabet became the parent holding company of Google Contact press abc xyz https://abc Case Document Filed Page of AM Alphabet management change Investor Relations Alphabet
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