(Image source from: })
Google founders Larry Page and Sergei Brin has named Sundar Pichai, an India-born, as new the CEO. This is a course of a re-structuring, which created a mother company Alphabet on Monday. The CEO of Alphabet will be Larry Page.
Pichai, who is the native of Chennai, will take charge of a trimmed version of Google. According to Page the restructured Google will be stripped of companies, which are far away from the company’s main Internet products. While all those will fall under Alphabet.
Page announced in a blog spot and in the Security and Exchange Commission filing that the new structure will come into shape in few months.
Larry Page said in the posting that, “Alphabet is mostly a collection of companies. Our model is to have a strong CEO who runs each business, with Sergey and me in service to them as needed.”
“Google would be the largest yet bit slimmed down, with the companies that are pretty far afield of our main internet products contained in Alphabet instead,” Page added.
Sundar Pichai new CEO of Google
Forty three year old Pichai went to IIT Kharagpur and then to Stanford and Wharton.
According to Page, Sundar Pichai has done really well right from October 2014. It was from when he took on Google's Internet businesses’ product and engineering responsibility.
Alphabet - new mother company
Google will remain as the major piece of Alphabet, which will include units such as Calico, X lab, and units dealing with life sciences. Alphabet will also include Google's investment arms, Ventures and Capital.
Explaining the rational for the restructuring, Page said in a blog that, "We've long believed that over time companies tend to get comfortable doing the same thing, just making incremental changes. But in the technology industry, where revolutionary ideas drive the next big growth areas, you need to be a bit uncomfortable to stay relevant."
"New structure will allow us to keep tremendous focus on the extraordinary opportunities we have inside of Google," Larry Page added.
-Sumana
