announced plans to create a new public holding company, Alphabet Inc. Page and Brin remain co-founders, employees, board members, and controlling shareholders of Alphabet Inc. Founders Larry Page and Sergey Brin announced their resignation from their executive posts in December 2019, with the CEO role to be filled by Sundar Pichai, also the CEO of Google. was prompted by a desire to make the core Google business "cleaner and more accountable" while allowing greater autonomy to group companies that operate in businesses other than Internet services. Alphabet is the world's third-largest technology company by revenue and one of the world's most valuable companies. The two co-founders of Google remained as controlling shareholders, board members, and employees at Alphabet.
It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries. is an American multinational technology conglomerate holding company headquartered in Mountain View, California.
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