Buried in a paragraph 2/3 of the way down: > ... Going forward, Sundar will be the CEO of both Google and Alphabet. ... Not knowing the internals of Google, it seems as if this is the announcement that Page and Brin are stepping down. Is this correct? If so, what an incredibly subtle way to announce a high-profile pair of resignations.
I wouldn't really call it "incredibly subtle" - most similar announcements are wrapped in a bunch of corporate language as well. This is a pretty standard way to announce this sort of thing.