Tech giant Google on Tuesday appointed Indian-origin Sundar Pichai as the Chief Executive Officer (CEO) of Alphabet, with both co-founders Sergey Brin and Larry Page quitting at the head of the parent firm. Pichai will now lead both Google and Alphabet.

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Notably, Alphabet was established in the year 2015 as a "collection of companies" that separates Google from others that are not part of its core businesses like Waymo (self-driving cars), Verily (life sciences), Loon (rural internet access via balloons), Sidewalk Labs (urban innovation) and others.

Google co-founders Larry Page and Sergey Brin, the CEO and president of Alphabet, will continue their involvement as co-founders, shareholders and members of Alphabet's Board of Directors.

Sundar Pichai will assume the role of managing Alphabet's investment in its portfolio. Pichai will remain a member of Alphabet`s Board of Directors. He will be the executive responsible and accountable for leading Google, and managing Alphabet's other investments.

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Notably, Sundar Pichai has closely worked through the formation of Alphabet, as CEO of Google, and a member of the Alphabet Board of Directors for almost 15 years.
In 2015, Sundar Pichai was appointed as Google CEO replacing Larry Page, who led the newly-formed Alphabet that came into existence in that year.