Sundar Pichai, was named chief executive officer of the Internet search giant on Monday, as Google unveiled a new corporate structure creating an umbrella company dubbed Alphabet.
Pichai, 43, a Chennai native who went to IIT Kharagpur and later to Stanford and Wharton, will take charge of a slimmed down search-focused Google will be the largest subsidiary of a new parent company called Alphabet. Larry Page will be CEO of Alphabet. For Chennai-born Sundar Pichai, becoming CEO comes 11 years after he joined Google where he started out with heading the company's new web browser Chrome and later most of Google's consumer software portfolio including the Android operating system.
“Sergey and I have been super excited about his progress and dedication to the company,” Page wrote in his memo announcing the change. “And it is clear to us and our board that it is time for Sundar to be CEO of Google. I feel very fortunate to have someone as talented as he is to run the slightly slimmed down Google and this frees up time for me to continue to scale our aspirations.”
Page went on to say that Pichai will continue to stretch boundaries and ensure that Google in its new form “can continue to make big strides on our core mission to organize the world’s information”.
Alphabet Inc. will replace Google Inc. as the publicly traded entity, and all shares of Google will automatically convert to shares of Alphabet, with all of the same rights, Page said.
Google will become a wholly-owned subsidiary of Alphabet. The Google unit will include search and search ads, maps, apps, YouTube, Android and related technical infrastructure, according to a regulatory filing.
..... Devashree Goenka