PV Technology Desk : Larry Page and Sergey Brin, co-founders of Google, have announced they are stepping down from running the online giant’s parent company.

The pair will leave their respective roles as Alphabet’s CEO and president but will remain on the company’s board.

Google’s CEO Sundar Pichai will become Alphabet’s CEO too, a statement said.

Alphabet was created in 2015 as part of a corporate restructuring of Google, which Mr Page and Mr Brin famously founded in a California garage in 1998.

The parent company was intended to make the tech giant’s activities “cleaner and more accountable” as it expanded from internet search into other areas like self-driving cars.

The pair moved from Google to Alphabet when it was formed – saying they were making the jump to focus on starting new initiatives.