Google CEO Sundar Pichai will take over as CEO of parent company Alphabet, in addition to his current role, following the announcement that Alphabet CEO Larry Page will step down, CNBC reports. Co-founder Sergey Brin is also stepping down as president of Alphabet, and the role will be eliminated. Both will serve as members of Alphabet’s board of directors. “It’s the natural time to simplify our management structure,” Page and Brin said in a blog post. “We’ve never been ones to hold on to management roles when we think there’s a better way to run the company.”
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