Google co-founders step down as executives of parent company Alphabet; Google CEO takes reins of both

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FILE – In this Sept. 2, 2008, file photo Google co-founders Sergey Brin, left, and Larry Page talk about the new Google Browser, “Chrome,” during a news conference at Google Inc. headquarters in Mountain View, Calif. Page and Brin are stepping down from their roles within the parent company, Alphabet. Page, who had been serving as CEO of Alphabet, and Brin, who had been president of Alphabet, will remain on the board of the company. (AP Photo/Paul Sakuma, File)

SAN FRANCISCO (AP) — The co-founders of Google are stepping down as executives of its parent company, Alphabet, but will remain involved as shareholders and as Alphabet’s Board of Directors.

Sundar Pichai, who has been leading Google as CEO for more than four years, will take on additional duties as Alphabet’s CEO.

Pichai assured employees that his new job wouldn’t mean he was taking a step back from Google.

The move ends a remarkable two decades during which Larry Page and Sergey Brin shaped a startup born in a Silicon Valley garage into one of the world’s largest and most powerful companies.

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