Google co-founders, Larry Page and Sergey Brin have announced that they are stepping down, with Sundar Pichai now becoming the CEO of Alphabet and Google.

It’s been almost five years since Pichai became CEO of Google and just two years since he became a member of the Board of Directors of Alphabet.

Pichai said in a statement, “I’m excited about Alphabet and its long term focus on tackling big challenges through technology. I’m 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. It’s a strong foundation on which we will continue to build.”

Credit: The Verge

Brin and Page will continue to be involved as co-founders, shareholders and members of Alphabet’s Board of Directors. Pichai will also continue to be a member of the board.

In a blog post, Page and Brin said this about Pichai,

Sundar brings humility and a deep passion for technology to our users, partners and our employees every day. He’s worked closely with us for 15 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.

You can read more of Page and Brin’s letter on the transition on blog.google.

Source: Alphabet

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