Alphabet Is Under (Kinda, Sorta) New Management

Google parent Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) is under new management. Co-founders Larry Page and Sergey Brin have relinquished their titles and job functions as CEO and president, respectively, of the technology holding company. In their place, Google CEO Sundar Pichai assumed the role as CEO of both Alphabet and Google.

Image source: Google.

Brin and Page dropped their executive titles immediately, just after the closing bell on Tuesday. That's also when Pichar assumed his new duties, which effectively boil down to managing Alphabet's "other bets" division.

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Source Fool.com