Google co-founder Larry Page stepping down as CEO of Alphabet

Posted Tuesday, 03 December 2019 ‐ CNN

New York (CNN Business)Larry Page, the cofounder of Google, is stepping down as CEO of its parent company Alphabet (GOOG). Sundar Pichai, the current CEO of Google and a longtime executive at the company, will take over as CEO of Alphabet in addition to his current role, Alphabet announced Tuesday afternoon.Page and cofounder Sergey Brin will continue to serve on Alphabet's board of directors."We've never been ones to hold on to management roles when we think there's a better way to run the company. And Alphabet and Google no longer need two CEOs and a President," they wrote in a letter.The executive shuffle comes at a time when Google is facing mounting scrutiny. Regulators and politicians in the US and Europe have questioned the company's size, data privacy practices and potential impact on society. Page, once the face of the company, has largely receded from public view.In 2015, Google announced a corporate restructuring and formed a parent company called Alphabet. It also named Pichai the CEO of Google. Brin and Page said they will remain "actively involved" as board members, shareholders and cofounders. They also said they plan to continue speaking with Pichai "regularly."

Other articles published by CNN

Posted Wednesday, 11 December 2019 ‐ CNN

New York (CNN Business)Auto workers at Fiat Chrysler have ratified a new four-year contract, closing the door on the possibility of another strike like the one that shut down rival General Motors for six weeks.The United Auto Workers union said that 71%...

Posted Wednesday, 11 December 2019 ‐ CNN

Holly Thomas is a writer and editor based in London. She tweets @HolstaT. The opinions expressed in this commentary are solely those of the author. View more opinion articles on CNN. (CNN)As if to prove a Christmas election can be even more painful than...

Posted Wednesday, 11 December 2019 ‐ CNN

(CNN)There are some new rules in place for high school students who want to graduate in Florida. Gov. Ron DeSantis announced that high school seniors will now be required to pass a civics test similar to the citizenship exam taken by naturalized...

Posted Wednesday, 11 December 2019 ‐ CNN

(CNN)Democratic Rep. Jerry Nadler in 2019 sounds a lot like Republican Rep. James Sensenbrenner did in 1998."Abuse of power" is what Nadler calls President Donald Trump's actions, declaring them impeachable.He "obstructed and abused power," is what...

Posted Wednesday, 11 December 2019 ‐ CNN

New York (CNN Business)Technology is a blessing and a curse for the modern office worker. Lightning-fast computers make the impossible possible. But constant distraction and friction slows work down.Workers are bombarded with a steady stream of emails,...

Posted Wednesday, 11 December 2019 ‐ CNN

Washington (CNN)The legal team for the whistleblower whose account kicked off the impeachment inquiry is preparing for the possibility that lawmakers will call their client to testify in the Senate, two people familiar told CNN. The White House counsel's ...

Posted Wednesday, 11 December 2019 ‐ CNN

Washington (CNN)The barrage begins now.Less than two months before the Iowa caucuses, the Democratic presidential contenders are ramping up their spending with television ads that sell themselves and take aim at President Donald Trump.Massachusetts Sen....

Posted Wednesday, 11 December 2019 ‐ CNN

(CNN)A man saved his neighbor's dog after its leash got caught in an elevator door on Monday and their apartment security cameras captured the rescue.Johnny Mathis, 27, was coming home from work in Houston, Texas and had just parked his car in his...

Posted Wednesday, 11 December 2019 ‐ CNN

(CNN)The number of Brazilians arrested by US Border Patrol nationwide spiked this past year to around 18,000, up from approximately 1,600 the year prior, according to data provided by Customs and Border Protection and historical data. The number of...

Posted Wednesday, 11 December 2019 ‐ CNN

Washington (CNN)The House is quickly moving forward on articles of impeachment against President Donald Trump. But first, lawmakers have to wade through the murky and messy world of legislating inside a congressional committee.Wednesday's Judiciary...

Posted Wednesday, 11 December 2019 ‐ CNN

(CNN)Immigration and Customs Enforcement arrests dropped this year as resources and attention were diverted to the surge of migrants arriving at the southern border, according to newly released data. ICE made around 143,000 arrests in fiscal year 2019,...

Posted Wednesday, 11 December 2019 ‐ CNN

(CNN)Awards season is in full swing and the nominations keep coming in, this time for the Screen Actors Guild Awards, an annual celebration of the year's best TV and film.The nominations were announced Wednesday morning, with Quentin Tarantino's "Once...

Posted Wednesday, 11 December 2019 ‐ CNN

New York (CNN Business)Sinclair (SBGI) Broadcast Group, an influential owner of TV stations across the country, will no longer require stations to carry political commentary segments.The short commentaries are being scrapped, and investigative reports...

Posted Wednesday, 11 December 2019 ‐ CNN

(CNN)The Federal Reserve held interest rates steady at its December meeting on Wednesday, halting a series of rate cuts that lifted markets and countered recession fears amid ongoing trade uncertainty. Policymakers unanimously agreed to leave rates...

Posted Wednesday, 11 December 2019 ‐ CNN

Whakatane, New Zealand (CNN)Geoff Hopkins says he will never forget the cries as the survivors of the White Island volcano eruption were pulled aboard the rescue boat.Screaming in pain, with skin peeling from their faces and limbs scorched by steam and...