Google founders Larry Page and Sergey Brin have announced that they will step down as CEO and chairman of Google's Alphabet company.
The duo will remain on the board of the company.
Google 's CEO Sundar Pichai will replace the duo as CEO of Alphabet.
Alphabet was founded in 2015 with the aim of restructuring Google and its companies.
Page and Brin founded the company in 1998 in a garage in California, USA.
In a statement from Alphabet, the company is aiming to process in a "cleaner and more accountable" way.
"It was the natural time to simplify our management structure," executives, both 46 years old, said:
"We're not one of those people who doesn't want to give up management when we see someone who can run the company better than we do. Alphabet and Google don't need two CEOs and president."
Page and Brin said that they would be like parents who advised the company and showed their love but did not interfere with their daily routine, and that there was no one better to do the company than Pichai.
Born in India, 47-year-old Pichai went to the United States to study at Stanford University and the University of Pennsylvania, then joined Google in 2004.
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