BEIJING, Dec. 4 (Xinhua) — Larry Page, Google’s co-founder, announced Tuesday that he will no longer be ceo of Alphabet, Google’s parent company, handing the job to Sundar Pichai, Google’s chief executive. Meanwhile, Google co-founder Sergey Brin has announced that he will step down as alphabet’s president.
Here’s the full text of Page and Brin’s farewell letter:
We published our first open letter from the founder in our 2004 S-1 prospectus, which begins with this:
“Google is not a traditional company, and we’re not going to be a company like that. Throughout Google’s history as a privately held company, we run the company in different ways. We also focus on creativity and challenging atmospheres that help us deliver fair, accurate and freely available information to users around the world. “
Today, we believe that these core tenets remain correct and applicable. Google is not a traditional company and will continue to make ambitious bets on new technologies, especially under our Alphabet structure. Creativity and challenges are always there, and they are becoming more evident in a wide number of areas, including machine learning, energy efficiency, and travel. Still, Google’s core services , which provide fair, accurate and free access to information, remain the company’s top priority.
However, since we published our first open letter to the founder, the company has grown and matured. Within Google, many popular consumer services have followed searches such as maps, photo albums, YouTube; our Android and Chrome platforms drive a global ecosystem of devices, including our own Google manufacturing devices; and Google Cloud Computing, including Google Cloud, G Suite enterprise collaboration tools. And, of course, there’s the underlying technology platform built around machine learning, cloud computing, and software engineering. It is an honor that these products can be an important part of the lives of billions of people. It’s a trust and a responsibility that Google is always trying to deliver on.
Structurally, Google restructured alphabet in 2015. As we wrote in a 2015 founder’s public letter, “Alphabet aims to achieve business success through strong leadership and independent operations of subsidiaries.”
Since then, hundreds of Phoenix residents are now travelling in Waymo’s unmanned cars, many without drivers. Wing has become the first drone company to do commercial delivery in the United States. Verily, Calico and other healthcare companies have done a lot of great work together and are doing important things. Some of our “other businesses” have independent boards of directors, including independent directors and external investors.
These are just a few of the technology companies we’ve set up under Alphabet, as well as investment subsidiaries, Google Ventures and Growth Equity Investment Fund Capital G, which have invested in hundreds of companies. With all of Google’s services, we’ve woven a beautiful technology investment carpet across a wide range of industries, all aimed at helping people and addressing major challenges.
Our second founder’s open letter begins with this:
“Google was born in 1998. If Google is likened to a person, it should have started primary school by the end of last summer, and now it’s in first grade. “
It’s 2019, and it’s time for a 21-year-old “young man” to leave home. While it’s a great privilege to be involved in the company’s day-to-day management for so long, we believe it’s time to play the role of proud parent and provide advice and care to the company, rather than the daily nagging.
As Alphabet enters a period of steady growth, it is natural for Google and other businesses to operate effectively as independent companies, simplifying our management structure. When we think there is a better way to run a company, we never rely on management. Alphabet and Google no longer need two CEOs and a president. Next, Mr Pichai will be the CEO of both Google and Alphabet, where he will lead Google and manage Alphabet’s investments in other businesses. We are committed to the long-term development of Google and Alphabet and will continue to be actively involved in the company as directors, shareholders and co-founders.
In addition, we plan to discuss it regularly with Pichai, especially on topics that make us feel passionate. Every day, Pichai brings humility and deep love for technology to our users, partners and employees. During his time as a Google CEO, and as a director of Alphabet, Pichai worked closely with us for 15 years. He shares our confidence in the structural value of Alphabet, the ability to address major challenges through technology, and is the most trusted person since Alphabet’s founding, best suited to lead Google and Alphabet into the future.
Google has grown from a small research project to a source of knowledge and empowerment for billions of people, and we are flattered. This bet, made by two of our Stanford students, creates many other technical bets. We can’t imagine this extraordinary journey when we moved the server from the dormitory to the warehouse in 1998.