Good morning. (Was this email forwarded to you? Sign up here.)

Google’s founders are moving on

It’s the end of an era: Larry Page and Sergey Brin, who founded the search giant more than two decades ago, announced they were stepping down from executive roles at Google’s parent company, Alphabet, Jack Nicas and Daisuke Wakabayashi of the NYT report.

Sundar Pichai, Google’s chief executive, will become the chief of both Google and Alphabet.

Mr. Page and Mr. Brin have personified the company since its founding and have been two of the technology industry’s most influential figures, on a par with the founders of Apple and Microsoft, Steve Jobs and Bill Gates.

In recent years though, Mr. Page and Mr. Brin, who are both 46, seemed to have lost interest in running the company, and they took lesser roles in day-to-day operations in 2015 when they restructured under Alphabet.

The latest move is essentially the end of the founders’ efforts to make Alphabet the Berkshire Hathaway of the tech industry, Bloomberg writes.