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…Read more