Google chief executive Sundar Pichai will replace Larry Page as CEO of parent Alphabet Inc, extending a long retreat from public roles and active management by Page and Sergey Brin at the company they co-founded 21 years ago.  Alphabet, which owns more than a dozen companies emerged in 2015 as part of a restructuring of Google.

Google Chief Executive Sundar Pichai will replace Larry Page as CEO of parent Alphabet Inc. Page and Brin will remain directors, but will cede their CEO and president titles, respectively, immediately, Alphabet said. Page and Brin, once regular sights at public events and at Google headquarters, are now seen much less often.

Sundar Pichai will replace Larry Page as CEO of parent Alphabet Inc, extending a long retreat from public roles and active management by Page and Sergey Brin at the company they co-founded 21 years ago. “While it has been a tremendous privilege to be deeply involved in the day-to-day management of the company for so long, we believe it’s time to assume the role of proud parents — offering advice and love, but not daily nagging!” Page and Brin wrote in a blog post on Tuesday.