Google co-founders Sergey Brin and Larry Page announced on Tuesday that they relinquished control of Alphabet, Google's parent holding company, to Google CEO Sundar Pichai. The two will remain employees of Alphabet and sit on its board of directors, but will no longer hold the positions of CEO or President. Brin was Alphabet's President, and Page its CEO. Pichai will now be CEO of not just Google, but also Alphabet. This gives him executive control over Alphabet's other subsidiaries, such as CaptalG, Google Fiber, Loon, Waymo, and DeepMind.

"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 Alphabet's 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 we're passionate about!," the duo said in their blog post announcing the change. Google reorganized itself as Alphabet in 2015 with Eric Schmidt as executive chairman, making its core business, Google Inc., a subsidiary of a holding company named Alphabet, and its other non-web businesses being spread across as its other subsidiaries. Following Schmidt's 2017 exit, Brin and Page took direct charge.