PHOTO: Dina Litovsky for CNN
Now playing
01:47
How Google got its start
A Facebook employee walks by a sign displaying the "like" sign at Facebook
PHOTO: Josh Edelson/AFP/Getty Images
A Facebook employee walks by a sign displaying the "like" sign at Facebook's corporate headquarters campus in Menlo Park, California, on October 23, 2019. (Photo by Josh Edelson / AFP) (Photo by JOSH EDELSON/AFP via Getty Images)
Now playing
02:36
Facebook to restore news in Australia
Now playing
02:57
Why Microsoft backs Australia's pay for news proposal
MADISON, WI - NOVEMBER 05:  U.S. President Barack Obama and rocker Bruce Springsteen wave to a crowd of 18,000 people during a rally on the last day of campaigning in the general election November 5, 2012 in Madison, Wisconsin. Obama and his opponent, Republican presidential nominee and former Massachusetts Gov. Mitt Romney are stumping from one
PHOTO: Chip Somodevilla/Getty Images
MADISON, WI - NOVEMBER 05: U.S. President Barack Obama and rocker Bruce Springsteen wave to a crowd of 18,000 people during a rally on the last day of campaigning in the general election November 5, 2012 in Madison, Wisconsin. Obama and his opponent, Republican presidential nominee and former Massachusetts Gov. Mitt Romney are stumping from one 'swing state' to the next in a last-minute rush to persuade undecided voters. (Photo by Chip Somodevilla/Getty Images)
Now playing
01:26
Barack Obama and Bruce Springsteen team up for new podcast
Find Solution AI facial expression reading software mapping facial muscles to assess emotion
PHOTO: Shutterstock/Find Solution AI
Find Solution AI facial expression reading software mapping facial muscles to assess emotion
Now playing
03:54
How AI that reads emotions is changing the online classroom
This illustration picture shows the social media website from Parler displayed on a computer screen in Arlington, Virginia on July 2, 2020. - Amid rising turmoil in social media, recently formed social network Parler is gaining with prominent political conservatives who claim their voices are being silenced by Silicon Valley giants. Parler, founded in Nevada in 2018, bills itself as an alternative to "ideological suppression" at other social networks. (Photo by Olivier Douliery/AFP/Getty Images)
PHOTO: Olivier Douliery/AFP/Getty Images
This illustration picture shows the social media website from Parler displayed on a computer screen in Arlington, Virginia on July 2, 2020. - Amid rising turmoil in social media, recently formed social network Parler is gaining with prominent political conservatives who claim their voices are being silenced by Silicon Valley giants. Parler, founded in Nevada in 2018, bills itself as an alternative to "ideological suppression" at other social networks. (Photo by Olivier Douliery/AFP/Getty Images)
Now playing
01:25
Parler's website is back online
screengrab singapore contact tracing app
PHOTO: Government Technology Agency of Singapore
screengrab singapore contact tracing app
Now playing
03:07
How Singapore's contact tracing technology undermines citizen's trust
PHOTO: Boston Dynamics
Now playing
01:20
Spot the robot's new arm lets it jump rope (and do serious stuff)
Detail of a mans hand scrolling through Netflix on an Apple iPad Pro, taken on March 6, 2020. (Photo by Phil Barker/Future Publishing via Getty Images)
PHOTO: Future Publishing via Getty Imag
Detail of a mans hand scrolling through Netflix on an Apple iPad Pro, taken on March 6, 2020. (Photo by Phil Barker/Future Publishing via Getty Images)
Now playing
04:27
2020 was supposed to be the year of streaming. Instead, it was the year of Netflix
PHOTO: WCCO
Now playing
01:26
Man donates Nintendo Switches to kids in need with GameStop stock
NEW YORK, NEW YORK - JANUARY 27: GameStop store signage is seen on January 27, 2021 in New York City. Stock shares of videogame retailer GameStop Corp has increased 700% in the past two weeks due to amateur investors. (Photo by Michael M. Santiago/Getty Images)
PHOTO: Michael M. Santiago/Getty Images
NEW YORK, NEW YORK - JANUARY 27: GameStop store signage is seen on January 27, 2021 in New York City. Stock shares of videogame retailer GameStop Corp has increased 700% in the past two weeks due to amateur investors. (Photo by Michael M. Santiago/Getty Images)
Now playing
03:16
GameStop mania shakes up Wall Street
SAN ANSELMO, CALIFORNIA - JANUARY 08: The suspended Twitter account of U.S. President Donald Trump appears on an iPhone screen on January 08, 2021 in San Anselmo, California. Citing the risk of further incitement of violence following an attempted insurrection on Wednesday, Twitter permanently suspended President Donald Trump
PHOTO: Justin Sullivan/Getty Images North America/Getty Images
SAN ANSELMO, CALIFORNIA - JANUARY 08: The suspended Twitter account of U.S. President Donald Trump appears on an iPhone screen on January 08, 2021 in San Anselmo, California. Citing the risk of further incitement of violence following an attempted insurrection on Wednesday, Twitter permanently suspended President Donald Trump's account. (Photo Illustration by Justin Sullivan/Getty Images)
Now playing
04:29
What impact could deplatforming Donald Trump have?
screengrab US social media
PHOTO: Getty Images
screengrab US social media
Now playing
04:35
Tech companies ban Trump, but not other problematic leaders
PHOTO: Samsung
Now playing
01:53
See Samsung's new Galaxy S21 lineup
PHOTO: LG Display
Now playing
01:10
See LG's transparent TV
NEW YORK, NY - JUNE 3: The Google logo adorns the outside of their NYC office Google Building 8510 at 85 10th Ave on June 3, 2019 in New York City. Shares of Google parent company Alphabet were down over six percent on Monday, following news reports that the U.S. Department of Justice is preparing to launch an anti-trust investigation aimed at Google. (Photo by Drew Angerer/Getty Images)
PHOTO: Drew Angerer/Getty Images North America/Getty Images
NEW YORK, NY - JUNE 3: The Google logo adorns the outside of their NYC office Google Building 8510 at 85 10th Ave on June 3, 2019 in New York City. Shares of Google parent company Alphabet were down over six percent on Monday, following news reports that the U.S. Department of Justice is preparing to launch an anti-trust investigation aimed at Google. (Photo by Drew Angerer/Getty Images)
Now playing
03:25
Google employee on unionizing: Google can't fire us all
(CNN Business) —  

More than 20 years after launching Google out of a Menlo Park garage, Larry Page and Sergey Brin are relinquishing their executive roles at its parent company Alphabet (GOOGL).

Page and Brin are stepping down as CEO and president, respectively, of Alphabet, the company announced Tuesday. Sundar Pichai, the current CEO of Google and a longtime executive at the company, will take over as CEO of Alphabet in addition to his current role.

The cofounders will continue to serve on Alphabet’s board of directors. They also maintain voting control over the business, all but guaranteeing their ability to influence the direction of Alphabet with or without their executive titles.

“We’ve never been ones to hold on to management roles when we think there’s a better way to run the company. And Alphabet and Google no longer need two CEOs and a President,” they wrote in a letter.

The executive shuffle comes at a time when Google is facing mounting scrutiny. Regulators and politicians in the US and Europe have questioned the company’s size, data privacy practices and potential impact on society. Page, once the face of the company, has largely receded from public view.

Page has been absent from the company’s quarterly earnings calls, and notably hasn’t appeared at big tech hearings on Capitol Hill. In 2018, Page was called before the Senate Intelligence Committee investigating foreign election meddling, but didn’t show. Last year, Bloomberg Businessweek published an article headlined “Where in the World is Larry Page?”

Meanwhile, Page has been investing in flying car startups.

At the same time, Google is confronting growing tensions with its own employees. Last week, Google dismissed several outspoken workers for allegedly violating its data-security policies. Some employees quickly accused Google of trying to suppress its critics, as well as workers’ attempts to organize.

Pichai, who is known for his engineering talents and general likeability, took over as CEO of Google in 2015 as part of the company’s broader corporate restructuring to create Alphabet. Prior that, Pichai had held a variety of roles at the company, including overseeing Chrome, product chief of Google and head of the Android operating system.

As Google CEO, he has appeared on earnings calls and keynoted major events such as the Google I/O developer conference. Under his leadership, Google’s business has continued to grow and expand more into hardware and cloud computing, though the vast majority of its revenue still comes from advertising.

Brin and Page said they will remain “actively involved” as board members, shareholders and cofounders. They also said they plan to continue speaking with Pichai “regularly.”