New Chapter for Alphabet: The new boss Sundar Pichai

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Alphabet CEO Larry Page revealed Tuesday that he will step down and be succeeded by Google CEO Sundar Pichai, who will now manage the parent company in addition to his current role.

Page had been in the position since a 2015 reshuffle where Google reorganized the new parent company. His co-founder, Sergey Brin, was elected president.

“With Alphabet now well-established and Google and the Other Bets running successfully as independent companies, simplifying our management structure is the natural time,” Page and Brin wrote in a blog.

“We’ve never been to hold on to management roles when we think there’s a better way to run the business. And Alphabet and Google no longer need two CEOs and a President. “Pichai had run much of the business and had previously been in charge of Android and Chrome.

The announcement came after four engineers fired by Google just before Thanksgiving said they intend to file a complaint with the National Labor Relations Board, asking the federal agency to investigate what they considered a systemic illegal effort to quash workers’ organization.