Sundar Pichai takes over the reins of Google as its CEO
A major restructuring at Google happened to have turned the tables on Sundar Pichai. India-born Pichai is named as the new CEO of Google, as co-founder Larry Page announces the formation of a new parent company Alphabet Inc which will replace Google as the publicly-traded entity.
The ‘slightly slimmed down’ Google, as Page puts down in his blog, will become a wholly-owned subsidiary of Alphabet, which will have Page as CEO and co-founder Sergey Brin as President.
This new structure, according to Page is expected to keep tremendous focus on the extraordinary opportunities inside Google, of which Pichai will be a key part. He said that Google companies that are “pretty far afield” of the main internet products will be contained in Alphabet instead.
The parent company Alphabet will have Google, maker of Internet-connected devices for home Nest, high-speed Internet service Fiber, investment arms like Google Ventures and Google Capital and incubator projects like Google X, which is developing self-driving cars and delivery drones.
Alphabet will also include ‘X lab’, which incubates new efforts like ‘Wing’, the company’s drone delivery effort.
With Satya Nadella heading Microsoft and now Sundar Pichai being named the CEO of Google, Indians are steadily dominating the power echelons of the Silicon Valley. Pichai, on his part has had an extremely impressive track record at Google, overseeing the successful launch of the Chrome web browser in September 2008.
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