Google co-founders Larry Page and Sergey Brin are stepping down from their roles within parent company Alphabet.Mr Page and Mr Brin will remain directors of the firm, but have given up their CEO and president titles, respectively. Sundar Pichai, who has been leading Google as CEO for more than four years, will stay in his role and also become CEO of Alphabet.Mr Page and Mr Brin, who started the search giant in 1998 in Silicon Valley, made the announcement in a Google blog post on Tuesday evening, saying the company has "evolved and matured" since it began."Today, in 2019, if the company was a person, it would be a young adult of 21 and it would be time to leave the roost," they said.More to follow Let's block ads! (Why?) Tech News - Latest Technology and Gadget News | Sky News
Tesco chief executive Dave Lewis is to step down next year, the supermarket giant has announced.Chairman John Allan said he had accepted the decision "with regret" after Mr Lewis decided he wanted to leave in the summer of 2020. The chief executive said his decision was a "personal one" and that it was "the right time to pass the baton" having completed a turnaround of Britain's biggest supermarket.He was described by one leading analyst as "the bloke that saved Tesco".Mr Lewis joined Tesco in 2014 as it suffered sliding sales and a series of profit warnings - and just weeks into the job had to deal with the fall-out as the company disclosed a big accounting black hole. Advertisement His announcement came a...
By James Sillars, business reporter Shares in British Gas parent Centrica are trading at levels not seen since 1998 after it reported a slew of negative news and said its chief executive was to go.Iain Conn, the company said, would "step down" next year following an "exceptionally challenging" period. The announcement was made alongside financial results which showed Centrica had swung to a £446m loss in the first six months of the year compared with profits of £704m in the same period last year.It blamed a string of problems including the impact of the price cap on default energy tariffs, warm weather and a further bleeding of 178,000 customers from its British Gas arm.Centrica said Mr Conn had "agreed with the board" to remain in post "to drive the r
Let's block ads! (Why?) ABC News: International
[unable to retrieve full-text content]Elon Musk is to step down as Tesla chairman after settling a fraud lawsuit with the US securities and exchange commission. Business News - Markets reports and financial news from Sky